1376986--12/15/2006--Tennessee_Valley

related topics

{capital, credit, financial}

{cost, contract, operation}

{operation, natural, condition}

{financial, litigation, operation}

{cost, regulation, environmental}

{system, service, information}

{gas, price, oil}

The TVA Board could lose its sole authority to set rates for electricity. TVA could become subject to increased environmental regulation. TVA could become subject to increased regulation by the NRC. TVA could lose responsibility for managing the Tennessee River system. Congress could take actions that lead to a downgrade of TVA s credit rating. TVA s debt ceiling could become more restrictive. TVA may lose some of its customers. TVA s generation and transmission assets may not operate as planned. TVA s fuel supply might be disrupted. Compliance with existing environmental laws and regulations may affect TVA s operations in unexpected ways. TVA is the sole power provider for customers within its service area, and if demand for power in TVA s service area increases, TVA is contractually obligated to take steps to meet this increased demand. TVA may incur delays and additional costs in power plant construction. TVA is involved in various legal proceedings whose outcomes may affect TVA s finances and operations. TVA s ability to supply power and its customers demands for power are influenced by weather conditions. TVA s transmission reliability could be affected by problems at other utilities or its own facilities. An incident at any nuclear facility, even one unaffiliated with TVA, could result in increased expenses and oversight. Catastrophic events could affect TVA s ability to supply electricity or reduce demand for electricity. Demand for electricity supplied by TVA could be reduced by changes in technology. TVA is subject to a variety of market risks that could negatively affect TVA s cash flows, results of operations, and financial position. TVA and owners of TVA securities could be impacted by a downgrade of TVA s credit rating. TVA may have to make significant unplanned contributions to fund its pension and other postretirement benefit plans. TVA may have to make significant unplanned contributions to its nuclear decommissioning trust. TVA may be unable to meet its current cash requirements if its access to the debt markets is limited.

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1376986--12/15/2006--Tennessee_Valley_Authority