Tennessee Valley Authority

We reviewed 42 loans initiated through Economic Development's (ED) four loan programs (Economic Development Loan Fund, Minority Business Development Loan Fund, Business Incubator Loan Fund, and Special Opportunity Counties Loan Fund) and found:Management had not fully implemented procedures...

We reviewed control activities and the scale certification process applicable to TVA coal shipments at Calvert City Terminal (CCT). We found the terminal had controls and processes in place for the receiving, blending, weighing, and loading of the coal it handles for TVA. The terminal also appeared...

TVA's successful effort to restart Unit 1 at Browns Ferry Nuclear Plant (BFN) provides an opportunity to transfer knowledge to future generation projects to (1) improve project oversight, (2) improve project efficiency and effectiveness, (3) generate cost savings opportunities, and/or (4) reduce TVA...

We conducted a review to determine whether the trust funds administered by River Operations and the Office of Environment and Research were administered in accordance with terms of the agreements and applicable laws and regulations. Our scope included all trust funds with balances or activity from...

We performed an inspection to assess the reasonableness of travel reimbursements where employees were (1)in travel status for an extended period of time and/or (2)received significant reimbursements. The scope of the inspection included all reimbursements made to employees during FYs 1999-2006. We...

We conducted a review of TVA and contractor employment procedures to determine if TVA policies and procedures ensure the hiring of non-citizens complies with legal requirements. In summary, it appears that TVA has appropriate policies and procedures in place to ensure that (1)its hiring process is...

We conducted a review to assess the procedures in place at TVA to ensure that new hires meet physical job requirements. In summary, we found TVA has a policy in place that requires all new hires to have a medical screening before starting work. However, the TVA Medical Examiners Guide and Health and...

Our review of TVA's compliance with FISMA of 2002 determined that among improvements made during fiscal year 2007, TVA completed revisions to align the security program with NIST FIPS 199 standards and implemented measures to ensure personnel complete security training. While TVA continues to make...

As part of our annual audit plan, we audited $11.3million in costs billed to TVA by a contractor, to design and install hydrated lime injection systems at various TVA fossil plants. Our audit objective was to determine if the costs the contractor billed to TVA were in compliance with the provisions...

We audited $3.8million of costs billed to TVA by a contractor for providing reclearing and maintenance for transmission line right-of-way areas. In summary, we found the contractor could not provide support for an estimated $33,521 in labor costs. The contractor agreed with our finding and explained...