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May 24, 2015 10:44 PM 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

11,542 Employees





Key Executives for Tennessee Valley Authority

Chief Executive Officer and President
Age: 60
Chief Financial Officer and Executive Vice President
Age: 51
Chief Operating Officer and Executive Vice President
Age: 54
Senior Vice President of Watts Bar Nuclear Operations & Construction
Age: 54
Chief Nuclear Officer and Executive Vice President
Age: 58
Compensation as of Fiscal Year 2014.

Tennessee Valley Authority Key Developments

Tennessee Valley Authority to Close the Last Unit at Widows Creek Coal Plant, Jackson County

The Tennessee Valley Authority will close the last remaining unit by October at its Widows Creek coal plant in Jackson County. The closing, which will affect about 90 jobs, is in response to new federal regulations regarding the storage and monitoring of coal ash. Widows Creek has eight units. TVA shut down six units between May 2012 and July 2013, and it closed a seventh unit last October. Unit 7, the sole operating unit, was scheduled to be shut down in 2019.

Tennessee Valley Authority Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Tennessee Valley Authority reported earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported $496 million of net income on $2.86 billion in revenue for the second quarter, compared with $295 million of net income on $2.94 billion in revenue during the same period in last year. For the six months, the company reported income of $577 million for the first six months of fiscal year 2015, a $349 million increase compared with the same period last year. Total sales of electricity for the first half of the fiscal year were down 1.5% versus the same period last year. Sales to local power company customers fell 1.2% for the first six months of the year as compared with the same period last year because of extreme weather patterns.

Tennessee Valley Authority, Q2 2015 Earnings Call, May 01, 2015

Tennessee Valley Authority, Q2 2015 Earnings Call, May 01, 2015

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