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Report File
Title Full
Office of the Inspector General Semiannual Report - Fall 2023
Date Issued
Submitting OIG
Tennessee Valley Authority OIG
Other Participating OIGs
Tennessee Valley Authority OIG
Agencies Reviewed/Investigated
Tennessee Valley Authority
Report Description

We are pleased to present our report for the period April 1, 2023, to September 30, 2023. In this semiannual period, our audit, evaluation, and investigative activities identified more than $67.7 million in questioned costs; funds to be put to better use; recoveries, fees, and fines; waste/other monetary loss; and opportunities for TVA to improve its programs and operations.TVA relies on contractors and vendors to access materials, build and maintain assets, and innovate new technology to support and advance operations. Just as the world has experienced supply chain issues and workforce shortages, TVA must compete for resources required to expand generation, meet carbon reduction goals, and maintain aging generation assets. Our office supports TVA’s efforts by focusing resources to (1) find ways to save and recover costs, (2) identify operational risks that could impact TVA’s ability to execute its mission, and (3) detect and prevent fraud, waste, and abuse. TVA has served the people of the Tennessee Valley for 90 years. Our imperative to help make TVA better is how we serve the 10 million people of the Tennessee Valley.

Report Type
Semiannual Report
SARC Start Date
SARC End Date
Agency Wide
Yes
Number of Recommendations
67
Questioned Costs
$6,196,660
Funds for Better Use
$54,290,000

Tennessee Valley Authority OIG