Highest-materiality recent filing
TVA signs $2B lease-purchase for Cumberland Combined Cycle Generation Facility
TVA received $1.93 billion from CCCGL on May 26, 2026, for a 50-year head lease and construction management agreement.
Skaggs succeeds Donald A. Moul, who previously announced retirement effective July 1, 2026.
TVA enters separation agreement with CEO Donald A. Moul; severance benefits triggered
CEO Donald A. Moul to depart TVA under separation and release agreement dated April 7, 2026.
TVA President & CEO Donald A. Moul to retire July 1, 2026
Donald A. Moul, TVA President and CEO, notified intention to retire on July 1, 2026.
TVA Board appoints Mitch Graves as Chair, Jeff Hagood as Chair Elect
Mitch Graves selected as TVA Board Chair effective February 27, 2026; term ends April 1, 2027.
TVA Board member Renick resigns; EVP & Chief Business Officer Fisher departing
William J. Renick resigned from TVA Board of Directors on February 24, 2026.
TVA replaces Carbon-Free metric with Project Milestones in LTIP for FY24-28 cycles
New Project Milestones measure replaces Carbon-Free Performance Indicator, weight 20%.
TVA Board approves committee assignments for new directors Graves, Hagood, Jones, Graham
Mitch Graves appointed Chair of Audit, Risk, and Cybersecurity Committee.
TVA EVP and General Counsel Rebecca C. Tolene departs effective Jan 15, 2026
Rebecca C. Tolene is no longer performing duties as EVP and General Counsel and will depart TVA.
Senate confirms four new directors to TVA Board of Directors
Mitch Graves, Jeff Hagood, Randall Jones, and Arthur Graham confirmed by Senate on Dec 18, 2025.
TVA launches $3B electronotes program with maturities up to 30 years
Maximum aggregate principal $3B; Notes issued in $1,000 denominations.
TVA enters into $1B amended credit facility with RBC and other lenders
Revolving credit facility provides up to $1,000,000,000 in loans or letters of credit.
TVA issues $1.25B 3.875% Global Power Bonds due 2030; net proceeds ~$1.241B
Coupon of 3.875%, maturity on August 1, 2030; semi-annual interest on Aug 1 and Feb 1.
TVA files preliminary offering circular for Global Power Bonds 2025 Series C due Aug 2030
5-year non-callable bonds due August 1, 2030; minimum denomination $2,000.
TVA EVP & Chief Nuclear Officer Tim Rausch to depart by March 1, 2026; SERP benefits frozen
Tim Rausch, EVP and Chief Nuclear Officer, plans to separate from TVA no later than March 1, 2026.
Beth P. Geer's appointment as TVA Board member ended June 10, 2025, at the direction of the U.S. President.
TVA issues $1.5B of 4.875% Global Power Bonds due 2035; net proceeds ~$1.486B
Principal amount $1.5B at 4.875% coupon, maturity May 15, 2035; non-callable.
TVA launches 2025 Series B Global Power Bonds due May 15, 2035
Offers 10-year Global Power Bonds due May 15, 2035; coupon and principal amount TBD.
TVA EVP, General Counsel & Corporate Secretary David B. Fountain departs effective April 2, 2025
David B. Fountain's tenure as EVP, General Counsel and Corporate Secretary ended April 2, 2025.
TVA Board loses quorum after Presidential removal of Chair Joe Ritch; Renick becomes Chair
Joe H. Ritch's board appointment ended April 1, 2025, at the direction of the President of the United States.
TVA appoints Donald A. Moul as President and CEO, effective April 9, 2025
Moul succeeds retiring CEO Jeffrey J. Lyash; salary increases from $844,052 to $1,200,000.
TVA Director L. Michelle Moore removed at direction of President
L. Michelle Moore's appointment as TVA Board member ended March 27, 2025, by direction of President.
TVA issues $1.25B 5.250% bonds due 2055, net proceeds $1.226B
Principal $1.25B, coupon 5.250%, maturity Feb 1, 2055, non-callable.
TVA files preliminary offering circular for new 30-year power bonds due 2055
Plans to issue 2025 Series A Global Power Bonds due Feb 1, 2055; size and coupon to be determined.
TVA CEO Jeffrey Lyash to retire no later than October 2, 2025
Lyash notified board of intent to retire by October 2, 2025.
TVA appoints Thomas C. Rice as CFO effective Jan 27, 2025
Thomas C. Rice named SVP and CFO; predecessor John M. Thomas III retiring March 7, 2025.
Two TVA board members' terms end with 2024 congressional session
Beth H. Harwell and Brian E. Noland terms ended Jan 3, 2025 after Congress adjourned.
TVA launches $3B electronotes program with maturities up to 30 years
Offering circular for up to $3B aggregate principal amount of Power Bonds (electronotes).
TVA CFO & Strategy Officer John M. Thomas III to retire effective March 7, 2025
Executive VP and Chief Financial and Strategy Officer John M. Thomas III announced retirement, effective March 7, 2025.
Closed $800M financing ($80M equity + $720M secured notes) for Johnsonville Aeroderivative Combustion Turbine Facility.
TVA board sets FY2025 incentive plan targets, approves plan amendments
FY2025 Enterprise Scorecard: 40% weight on SBU O&M and Capital Spend, 15% each on Transmission, Nuclear, Power Operations, and Serious Injury Rate.
TVA issues $1B of 4.375% Global Power Bonds due August 2034
Principal $1B, coupon 4.375%, maturity August 1, 2034; not redeemable prior to maturity.
TVA plans $1 billion power bond issuance with preliminary offering circular released August 8, 2024
TVA released preliminary offering circular on August 8, 2024 for $1,000,000,000 in Global Power Bonds 2024 Series A due August 1, 2034.
TVA extends $500M credit facility maturity to Feb 1, 2028
Fifth Amendment to $500M credit agreement with Bank of America executed June 14, 2024.
TVA Board adopts new compensation practice, cuts CEO incentive and severance limits
Board approved a new Employee Compensation Board Practice clarifying roles on compensation matters.
TVA board sets FY2024 incentive targets; CEO payout calculation deferred
Corporate Multiplier targets for FY2024: Net Income $874M, Op Cash Flow $2,619M, Total Financing Obligations $22.2B.
TVA director William B. Kilbride's term ends January 3, 2024
William B. Kilbride's term as TVA Board member ended January 3, 2024 with adjournment of Congress.
TVA launches $3B electronotes debt program with maturities up to 30 years
Maximum aggregate principal outstanding: $3 billion; maturities from 1 to 30 years.
TVA amends two credit facilities: extends one maturity, switches to SOFR
Extended December Maturity Community Bank Credit Agreement maturity to March 29, 2026.
TVA issues $1B of 3.875% Global Power Bonds due 2028, net proceeds $988.6M
Issued $1B of 3.875% Global Power Bonds 2023 Series A, maturing March 15, 2028.
TVA plans $1B power bond issuance due 2028; preliminary offering circular released
TVA released preliminary offering circular for $1,000,000,000 Global Power Bonds 2023 Series A due March 15, 2028.
TVA Board assigns committee roles for six recently confirmed directors
Board approved committee assignments on Jan 9, 2023, for six directors confirmed by Senate on Dec 21, 2022.
TVA appoints six new board members; directors Frazier, Smith depart
Board terms of A.D. Frazier and Jeff W. Smith ended Jan 3, 2023 with adjournment of Congress.
Six new TVA Board directors confirmed by U.S. Senate on Dec 21, 2022
Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White confirmed.
TVA launches up to $3B electronotes program with maturities of 1-30 years
Maximum aggregate principal amount outstanding of $3,000,000,000; authorized denominations of $1,000.
TVA issues $500M of 4.250% Global Power Bonds due 2052, net proceeds $481.68M
Coupon rate 4.250%, maturity September 15, 2052; not redeemable prior to maturity.
TVA plans $500M power bond offering due 2052; no redemption before maturity
$500M of Global Power Bonds 2022 Series A due Sept 15, 2052; interest payable semiannually.
TVA enters $1B amended credit facility expiring March 2027
Second Amended and Restated March Maturity Credit Agreement for $1,000,000,000 replaces September 2018 facility.
TVA board members John L. Ryder and Kenneth E. Allen depart as terms end
John L. Ryder and Kenneth E. Allen terms ended Jan 3, 2022 with adjournment of latest congressional session.
TVA launches up to $3B electronotes debt program with maturities from 1 to 30 years
Maximum aggregate principal outstanding is $3,000,000,000.
Beth P. Geer's appointment as a member of the Tennessee Valley Authority Board of Directors ("TVA Board") ended June 10, 2025, at the direction of the President of the United States.
Effective April 2, 2025, David B. Fountain’s tenure as TVA’s Executive Vice President, General Counsel and Corporate Secretary ended.
Joe H. Ritch's appointment as a member of the Tennessee Valley Authority Board of Directors ("TVA Board") ended April 1, 2025, at the direction of the President of the United States.
With the departure of Mr. Ritch, Director William J. Renick assumes the role of Board Chair pursuant to the TVA Board's decision on February 13, 2025, nominating Mr. Renick as chair-elect of the TVA Board and stating that he will begin service if "Director Ritch otherwise [is] unable to serve as Chair."
Donald A. Moul has been appointed as TVA’s new President and Chief Executive Officer, starting April 9, 2025.
He will succeed Jeffrey J. Lyash, who is retiring from his position with TVA and will continue to serve for up to 30 days to support the transition.
L. Michelle Moore's appointment as a member of the Tennessee Valley Authority Board of Directors ended March 27, 2025, at the direction of the President of the United States.
Jeffrey J. Lyash, TVA's President and Chief Executive Officer (CEO), notified his executive leadership team, and the TVA Board of Directors, of his intention to retire no later than October 2, 2025.
Thomas C. Rice has been appointed as TVA’s new Senior Vice President and Chief Financial Officer, effective January 27, 2025.
John M. Thomas, III, who, on December 2, 2024, announced his retirement from his position with TVA effective March 7, 2025
The terms of Beth H. Harwell and Brian E. Noland as members of the Tennessee Valley Authority ("TVA") Board of Directors ended January 3, 2025, with the adjournment of the most recent session of Congress.
The terms of Beth H. Harwell and Brian E. Noland as members of the Tennessee Valley Authority ("TVA") Board of Directors ended January 3, 2025, with the adjournment of the most recent session of Congress.
Max materiality 0.90 · Median 0.50 · Most common event leadership