---
schema_version: "secwatch.filing_event.v1"
accession: "0001376986-24-000026"
form_type: "8-K"
ticker: "TVE"
cik: "0001376986"
company_name: "Tennessee Valley Authority"
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T19:55:17.254103+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TVA enters $800M lease-purchase financing for Johnsonville gas turbine facility, receives $775M proceeds

## Summary
- Closed $800M financing ($80M equity + $720M secured notes) for Johnsonville Aeroderivative Combustion Turbine Facility.
- Received $775,087,079 on Oct 2, 2024; proceeds for power program and transaction expenses.
- 30-year lease-purchase agreement; TVA makes semi-annual rent payments starting April 1, 2025 through Oct 1, 2054.
- Facility consists of ten gas turbine generators; commercial operations expected by April 2025.
- Rent schedule shows debt portion ~$22.6M per payment until 2045, then ~$27.3M.

## SEC filing metadata
- accession: 0001376986-24-000026
- form_type: 8-K
- ticker: TVE
- cik: 0001376986
- company_name: Tennessee Valley Authority
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376986/000137698624000026/0001376986-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698624000026/tve-20241002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376986-24-000026
- JSON: https://secwatch.observer/filing/0001376986-24-000026.json
- Plain text: https://secwatch.observer/filing/0001376986-24-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.