United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-08-31 monographic deposited born digital 39 p. GA 1.13:GAO-06-810 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-810 P0b002ee1803a1036 f:d06810 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-06-810 machine generated eng fdlp REPORT GAOREPORTS-GAO-06-810 GAO-06-810 Competition Cost control Electric energy Electric power generation Electric utilities Energy costs Energy demand Financial analysis Program evaluation Public utilities Risk assessment Strategic planning Other Written Product A59990 Competition in the electricity industry is expected to intensify, and restructuring legislation may dramatically change the way electric utilities do business in the future. To be competitive, the Tennessee Valley Authority (TVA) needs to reduce fixed costs and increase its flexibility in order to meet market prices for power. TVA plans to reduce its financing obligations, which include statutory debt and other financing arrangements, by $7.1 billion by the end of fiscal year 2015. GAO was asked to (1) describe how TVA plans to meet its goal for reducing financing obligations, (2) assess the reasonableness of TVA's approach in developing its plan, (3) identify key factors that could impact TVA's ability to successfully carry out its plan, and (4) identify how TVA's plans for meeting the growing demand for power in the Tennessee Valley may impact its ability to reduce financing obligations. To fulfill these objectives, GAO interviewed TVA officials and others, and reviewed budget submissions, financial projections, and other documentation supporting the plan. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-810/html/GAOREPORTS-GAO-06-810.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-810/pdf/GAOREPORTS-GAO-06-810.pdf GAO-06-810 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-810 Other Written Product GAO-06-810; Tennessee Valley Authority: Plans to Reduce Debt While Meeting Demand for Power; Competition Cost control Electric energy Electric power generation Electric utilities Energy costs Energy demand Financial analysis Program evaluation Public utilities Risk assessment Strategic planning