Tennessee Valley Authority

This semiannual report summarizes the work of the OIG from April 1 through September 30, 2004. The audits, investigations, and inspections highlighted in this report illustrate our continuing commitment to helping TVA promote economy, efficiency, and effectiveness in its programs and operations...

As reflected in this semiannual report to Congress, the OIG continues to better enable TVA to preparefor expected changes in its business environment. TVA’s strategic plan has identified four key areas that areessential to success in a more competitive market: (1) developing new price structures...

Visitors to the Inspector General's office here at TVA must walk past a large picture of the Fontana Hydro Plant. The inscription at Fontana, etched 63 years ago, reads, “1942 - Built for the people of the United States of America.” This simple phrase epitomizes the vision that gave birth to TVA...

This is my first report to TVA’s newly constituted Board since the new Board members were sworn in on March 31, 2006. Legislation signed by President Bush in 2004 expanded the Board from three full-time members to nine part-time members, with a full-time chief executive officer to run TVA on a day...

I am pleased to present to you our semiannual report for the six-month period beginning April 1, 2006, and ending September 30, 2006. The efforts of the men and women of the TVA OIG resulted in almost$14 million in recoveries, fines/penalties, potential savings, questioned costs, or funds which...

This report to the TVA Board and to Congress concludes a full year for the newly constituted TVA Boardwhich was sworn in on March 31, 2006. Legislation signed by President Bush in 2004 expanded the Board fromthree full-time members to nine part-time members with a full-time chief executive officer...

This reporting period was marked by TVA leading the nation in the resurgence of nuclear power. TVA’s commitment to nuclear power was demonstrated by (1) the restart of the Browns Ferry Nuclear Plant (BFN) Unit 1 in North Alabama in May; (2) Board approval in August for completion of a second nuclear...

In 1988, Congress established by law the Office of Inspector General at TVA. A fair question is, to what end? If we were judged on the same basis as private sector business units, how would we stack up? Did we pay our way? And perhaps the most important consideration, have we helped make TVA better...

The United States is facing an energy crisis of historic proportions and when coupled with the recent national economic instability, these two factors present utility companies like TVA with unique challenges. The electric utility industry is a very capital-intensive industry requiring TVA to make...

This report to Congress and the TVA Board comes at a time of historic challenges for TVA. We chronicle some of those recent challenges in the "Special Feature" on page 16 of our report. In many ways, a "perfect storm" has developed that has changed the landscape of TVA forever. As we note, a federal...