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Latest TVA Stories

2009-11-25 17:11:00

KNOXVILLE, Tenn., Nov. 25 /PRNewswire/ -- TVA filed its annual report on Form 10-K with the Securities and Exchange Commission on Wednesday, reporting net income of $726 million for fiscal year 2009 that ended Sept. 30, compared with net income of $817 million for the previous fiscal year. TVA, which does not make a profit, reinvests net income in its power business, specifically on projects that expand and improve TVA's infrastructure. These projects include new generation, environmental...

2009-09-28 11:00:00

WASHINGTON, Sept. 28 /PRNewswire/ -- In a rare victory for nuclear whistleblowers, a U.S. Department of Labor appeals panel has ruled that nuclear contracting giant Stone & Webster violated federal whistleblower law in 2004 when the company fired James Speegle, a foreman at the Tennessee Valley Authority's Browns Ferry Nuclear Plant near Florence, Alabama. Speegle had been outspoken in raising safety concerns about serious problems with the protective coatings being used in the plant's...

2009-06-25 15:03:00

KNOXVILLE, Tenn., June 25 /PRNewswire-USNewswire/ -- A combination of the existence of an unusual bottom layer of ash and silt, the high water content of the wet ash, the increasing height of ash, and the construction of the sloping dikes over the wet ash were among the long-evolving conditions that caused a 50-year-old coal ash storage pond breach and subsequent ash spill at TVA's Kingston Fossil Plant on Dec. 22, 2008. The findings and analysis were part of a comprehensive six-month...

2009-04-30 14:43:00

KNOXVILLE, Tenn., April 30 /PRNewswire/ -- The interest rate on TVA 1998 Series D Putable Automatic Rate Reset Securities bonds, which are traded on the New York Stock Exchange under the symbol "TVC," will be reset from 5.46 percent to 4.728 percent on June 1, 2009. In conjunction with the reset, investors have the option of retaining their bonds with the new rate or requesting repayment at par value ($25 each). Investors who wish to return their bonds must contact the financial...

2009-04-20 07:00:00

The Score and TVA Deploy Scale-out NAS to Speed Creation and Delivery of Content, Expanding Broadcast Revenue Opportunities SEATTLE, April 20 /PRNewswire-FirstCall/ -- Isilon(R) Systems (Nasdaq: ISLN), the proven leader in scale-out NAS, today announced that The Score Television Network and TVA have adopted Isilon's scale-out NAS solutions to unify their digital broadcasting workflows and maximize revenue opportunities associated with the proliferation and diversification of media content...

2009-04-02 08:21:00

KNOXVILLE, Tenn., April 2 /PRNewswire/ -- The interest rate on the Tennessee Valley Authority 1999 Series A Putable Automatic Rate Reset Securities bonds, which are traded on the New York Stock Exchange under the symbol "TVE", will be reset from 5.174 percent to 4.50 percent on May 1, 2009. In conjunction with the reset, investors have the option of retaining their bonds with the new rate or requesting repayment at the par value of $25 each. Investors who wish to return their bonds must...

2009-02-18 11:31:00

KNOXVILLE, Tenn., Feb. 18 /PRNewswire/ -- TVA today announced that on March 19, 2009, it will redeem 30 issues of securities from its electronotes(R) series. The total amount to be redeemed is $496 million. Each of the securities will be redeemed at 100 percent of par value. The redemption price and any accrued interest will be paid to eligible holders through The Depository Trust Company. The electronotes(R) to be redeemed can be identified by CUSIP number, as outlined in...

2009-02-12 13:40:00

KNOXVILLE, Tenn., Feb. 12 /PRNewswire/ -- TVA today filed its fiscal year 2009 first quarter report with the Securities and Exchange Commission, reporting a net loss of $305 million -- primarily a result of the Kingston ash spill recovery efforts. The loss for the three months that ended Dec. 31, 2008, compares with a net income of $8 million reported for the first quarter of the previous fiscal year. Excluding the charge related to Kingston, TVA had a net income of $220 million....

2008-12-16 16:39:00

KNOXVILLE, Tenn., Dec. 16 /PRNewswire/ -- TVA today filed its fiscal year 2008 annual report with the Securities and Exchange Commission, reporting a record $10.4 billion in operating revenues -- an increase of 11.3 percent from 2007. The increased revenue in 2008 was primarily a result of rate and fuel cost adjustment increases, driven by a 21-percent increase in fuel and purchased power costs. Power sales in 2008 were almost flat, increasing by less than a half of 1 percent over sales in...

2008-12-02 15:37:00

KNOXVILLE, Tenn., Dec. 2 /PRNewswire-USNewswire/ -- The Tennessee Valley Authority is requesting proposals to supply up to 2,000 megawatts of power generation from renewable and clean energy sources to TVA by June 1, 2011. Up to 1,000 megawatts of generation would be delivered to TVA by June 1, 2009, according to the Renewable Energy and/or Clean Energy Resources request for proposals issued today. The amount would increase to a maximum of 1,500 megawatts a year later and to 2,000 megawatts...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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