---
schema_version: "secwatch.filing_event.v1"
accession: "0001376986-26-000031"
form_type: "8-K"
ticker: "TVE"
cik: "0001376986"
company_name: "Tennessee Valley Authority"
filed_at: "2026-05-28T20:31:18+00:00"
generated_at: "2026-05-28T20:39:16.325852+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# TVA signs $2B lease-purchase for Cumberland Combined Cycle Generation Facility

## Summary
- TVA received $1.93 billion from CCCGL on May 26, 2026, for a 50-year head lease and construction management agreement.
- CCCGL raised $2 billion with $200 million equity and $1.8 billion in secured notes to fund the transaction.
- TVA leases back the facility for 30 years with semi-annual rent payments starting November 15, 2026, ending May 15, 2056.
- The natural gas-fired facility is expected to begin commercial operations by December 2026.
- TVA Board amended compensation plans on May 21, 2026, cutting EAIP maximum payout to 150% and LTIP to 150%.

## SEC filing metadata
- accession: 0001376986-26-000031
- form_type: 8-K
- ticker: TVE
- cik: 0001376986
- company_name: Tennessee Valley Authority
- filed_at: 2026-05-28T20:31:18+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376986/000137698626000031/0001376986-26-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698626000031/tve-20260521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376986-26-000031
- JSON: https://secwatch.observer/filing/0001376986-26-000031.json
- Plain text: https://secwatch.observer/filing/0001376986-26-000031.txt

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