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November 29, 2015 4:23 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Tennessee Valley Authority

Company Overview

Tennessee Valley Authority engages in the production and sale of electricity in the United States. It generates power from coal-fired, nuclear, hydroelectric facilities, and combustion turbine and diesel generators. The company sells power at wholesale to distributor customers comprising municipalities and cooperatives that resell the power to their customers at a retail rate. It also supplies power directly to federal agencies and customers with large or unusual loads, as well as customers with whom it has entered into exchange power arrangements. As of September 30, 2008, it operated various power generating facilities, including 29 conventional hydroelectric sites, 1 pumped storage hydroe...

400 West Summit Hill Drive

Knoxville, TN 37902-1499

United States

Founded in 1931

10,918 Employees





Key Executives for Tennessee Valley Authority

Chief Executive Officer and President
Age: 61
Chief Financial Officer and Executive Vice President
Age: 52
Chief Operating Officer and Executive Vice President
Age: 55
Senior Vice President of Watts Bar Nuclear Operations & Construction
Age: 55
Chief Nuclear Officer and Executive Vice President
Age: 59
Compensation as of Fiscal Year 2015.

Tennessee Valley Authority Key Developments

Tennessee Valley Authority Reports Audited Earnings Results for the Fiscal Year Ended September 30, 2015

Tennessee Valley Authority reported audited earnings results for the fiscal year ended September 30, 2015. For the year, the company reported more than $1.1 billion of net income for fiscal year 2015. Net income was $642 million higher compared with fiscal year 2014 due to $760 million lower operating expenses an 8% decrease. Total operating revenues for 2015 were 1% lower than the prior year, at $11 billion, on sales of electricity that were essentially flat on a year over year basis.

Tennessee Valley Authority, 2015 Earnings Call, Nov 23, 2015

Tennessee Valley Authority, 2015 Earnings Call, Nov 23, 2015

Tennessee Valley Authority Announces Executive Changes

The Tennessee Valley Authority has appointed Christopher Schwarz as new site vice president for its Sequoyah nuclear plant in Hamilton County, Tenn. Schwarz - currently vice president of corporate operations at Public Service Enterprise Group Inc. will succeed John Carlin upon the latter's retirement at the end of 2015. Schwarz, who has worked in the nuclear industry for 41 years, will assume his new role starting November 16 to facilitate a seamless transition.

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