Semiannual Report

As the newly appointed Inspector General for TVA, I am pleased to submit this semiannual report on the accomplishments of the OIG for the six-month period ending September 30, 2000.This reporting period has been one of significant change for the OIG. In July 2000, George Prosser, who served as the TVA Inspector General for six years, announced his decision to retire. The TVA Board of Directors appointed me as the new Inspector General, and I transferred in August from the U.S. Postal Service where I served as Deputy Inspector General. Mr. Prosser will serve as an advisor until his formal retirement in December 2000.My initial impressions of the OIG have been extremely positive. The staff is a highly motivated group of seasoned professionals as reflected in the quality of their work. During this reporting period, OIG audits, investigations, and special projects continued to identify opportunities for TVA to save or recover money or to make process improvements, and TVA continued to respond favorably to OIG recommendations.We are allocating OIG resources for the coming year based on an assessment of business and operating risks faced by TVA. During the next six months, we will undertake extensive reviews of OIG internal processes, and we also will review and revise our strategic plan as necessary to ensure we are aligned with needs of our key stakeholders.I am proud to be a part of TVA’s OIG and to be associated with so many qualified and dedicated professionals. I look forward to a positive and productive working relationship with TVA management, the Board, and the Congress.Sincerely, Richard F. Chambers