Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 376 new people
  • 171 new organizations
  • 408 new photos
  • 1234 job history records for people in our database
  • 653 education records for people in our database
  • 1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 3 new people through the revolving door
  • 109 new policy reports
  • 43 new trips to our privately funded travel database
  • 629 new personal financial disclosures
  • 15148 new press releases
  • 11 new town halls
  • 25 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Tennessee Valley Authority: Financial Problems Raise Questions About Long-Term Viability

  Premium   Download PDF Now (163 pages)
Report Type Reports and Testimonies
Report Date Aug. 17, 1995
Report No. AIMD/RCED-95-134
Subject
Summary:

The Tennessee Valley Authority (TVA) is $26 billion in debt and has invested $14 billion in nonproducing nuclear assets that are not included in its electricity rates. As a result, TVA has far more financing costs and deferred assets than its likely competitors have, which gives TVA little flexibility to meet competitive challenges. To the extent that TVA cannot compete effectively and improve its financial condition, the federal government may have to pick up the tab for some of TVA's debt. TVA's troubled financial condition has been caused largely by construction delays, cost overruns, and operational shutdowns in its nuclear program. TVA's links to the federal government and its high debt limit have allowed it to borrow the billions of dollars needed for its nuclear construction program. Although no cash crisis exists today, GAO believes that TVA's financial condition threatens its long-term viability and places the federal government at risk. GAO highlights several options that could reduce risk to federal taxpayers and help prepare TVA to compete in the electricity market.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com