Semiannual Report

I am pleased to submit this semiannual report on the accomplishments of the OIG for the six-month period ending September 30, 2001.Consistent with our newly adopted strategic plan, we made significant progress during the period in aligning the organization to better support the needs of our stakeholders. In this regard, we reorganized our audit operations to provide better emphasis on the core business processes of TVA, including energy operations. In addition, we created a separate team to provide advisory services to TVA officials and members of Congress with questions about TVA operations. We also realigned our investigative resources to facilitate our role in ensuring integrity in TVA operations.We have featured the United States flag on the cover of this report as a reflection of our sympathy and solidarity with those directly affected by the tragic events beginning with the September 11, 2001, terrorist attacks on America. We stand ready to assist fellow law enforcement agencies in any way possible during this time of national crisis.This will be my final semiannual report to Congress as the Inspector General of TVA. I recently announced my intention to retire from federal service in January 2002. I am extremely grateful for the support I have received from all of our stakeholders during the past year. It has been an honor and privilege to conclude my career in public service as the TVA Inspector General.Pursuant to the Federal Vacancies Reform Act, my First Assistant, Donald Hickman, will assume the role of Acting Inspector General for TVA upon my retirement.On behalf of Mr. Hickman and myself, I pledge the continued support of the OIG to those we serve. Sincerely,Richard F. Chambers