Federal Reports

The Tennessee Valley Authority’s (TVA) Executive Policy 37.000, Real Property, states that a strategic guiding principle for management of TVA’s real-property portfolio is to “manage real property from an enterprise perspective and invest in core assets to improve condition, safety, and utilization.” TVA’s real property database lists 3,247 active buildings. Additionally, TVA has 75 bridges that it inspects on a routine basis. Due to the importance of proper maintenance to the safe, efficient, and effective operation of assets, we performed an evaluation to determine if TVA has (1) assessed its facilities for safety risks and (2) developed plans or completed actions to address the identified risks.We found all buildings and infrastructure have not been formally assessed to identify safety risks. Specifically for fiscal years 2022–2023, we found only 111 of 3,247 (approximately 3 percent) active buildings had condition assessments and 376 (approximately 12 percent) had roof inspections. All 75 bridges had required inspections. Additionally, actions were not taken or planned for all identified risks. Building and infrastructure safety risks could go unidentified without performing formal assessments at all facilities and risks could increase if actions are not taken to address assets in poor and failed condition.