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Tennessee Valley Authority — fact timeline

Source-grounded facts extracted from Tennessee Valley Authority's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TVE Tennessee Valley Authority JSON
Material Agreements

Tennessee Valley Authority entered into Construction Management Agreement with Cumberland Combined Cycle Generation LLC valued at one-time payment to TVA in exchange for TVA's agreement to perform its obligations under the CMA (effective 2026-05-26).

“On or about the Closing Date, CCCGL will make or cause to be made a one-time payment to TVA in exchange for TVA's agreement to perform its obligations under the CMA.”
Material Agreements

Tennessee Valley Authority entered into Facility Lease-Purchase Agreement with Cumberland Combined Cycle Generation LLC valued at TVA will make rental payments to CCCGL on each May 15 and November 15, commencing on November 15, 20 (effective 2026-05-26).

“In connection with this transaction, TVA entered into three material definitive agreements on the Closing Date with Cumberland Combined Cycle Generation LLC, a single-purpose Delaware limited liability company (“CCCGL”): a Head Lease Agreement (the “Head Lease”) (the United States of America is also a party to this agreement), a Facility Lease-Purchase Agreement (the “Facility Lease”), and a Construction Management Agreement (the “CMA”).”
Material Agreements

Tennessee Valley Authority entered into Head Lease Agreement with Cumberland Combined Cycle Generation LLC valued at one-time rental payment of $1,931,875,011 (effective 2026-05-26).

“On May 26, 2026 (the "Closing Date"), the Tennessee Valley Authority ("TVA") entered into a lease-purchase transaction involving its Cumberland Combined Cycle Generation Facility (the "Facility") located in Stewart County, Tennessee.”
Debt Financings

Tennessee Valley Authority incurred senior notes of $1,800,000,000 with CCCGL.

“CCCGL issued secured notes on the Closing Date in an aggregate principal amount of $1,800,000,000.”
Debt Financings

Tennessee Valley Authority incurred credit facility of up to $1,000,000,000 with Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, and Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and Citibank, N.A., as Lenders at variable based on market factors and the rating of TVA’s senior unsecured long-t maturing September 10, 2030.

“Issuer, and a Lender, and Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and Citibank, N.A., as Lenders. The Credit Agreement allows TVA to access up to $1,000,000,000 in either loans or letters of credit and will expire on September 10, 2030, unless the maturity date is extended in accordance with the terms of the agreement. The interest rate”

Beth P. Geer was appointed as member of the Board of Directors at Tennessee Valley Authority.

“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.”

David B. Fountain departed as Executive Vice President, General Counsel and Corporate Secretary at Tennessee Valley Authority.

“Effective April 2, 2025, David B. Fountain’s tenure as TVA’s Executive Vice President, General Counsel and Corporate Secretary ended.”

William J. Renick was appointed as Board Chair at Tennessee Valley Authority.

“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."”

Joe H. Ritch departed as Board Chair at Tennessee Valley Authority.

“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.”

Jeffrey J. Lyash departed as President and Chief Executive Officer at Tennessee Valley Authority.

“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.”

Donald A. Moul was appointed as President and Chief Executive Officer at Tennessee Valley Authority.

“Donald A. Moul has been appointed as TVA’s new President and Chief Executive Officer, starting April 9, 2025.”

L. Michelle Moore departed as Member of the Board of Directors at Tennessee Valley Authority.

“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 departed as President and Chief Executive Officer at Tennessee Valley Authority.

“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.”

John M. Thomas III retired as Chief Financial Officer at Tennessee Valley Authority.

“John M. Thomas, III, who, on December 2, 2024, announced his retirement from his position with TVA effective March 7, 2025”

Thomas C. Rice was appointed as Senior Vice President and Chief Financial Officer at Tennessee Valley Authority.

“Thomas C. Rice has been appointed as TVA’s new Senior Vice President and Chief Financial Officer, effective January 27, 2025.”

Brian E. Noland departed as Director at Tennessee Valley Authority.

“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.”

Beth H. Harwell departed as Director at Tennessee Valley Authority.

“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.”

William B. Kilbride departed as Director at Tennessee Valley Authority.

“The term of William B. Kilbride as member of the TVA Board of Directors ended January 3, 2024, with the adjournment of the most recent session of Congress.”
Debt Financings

Tennessee Valley Authority amended credit facility with Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas at Secured Overnight Financing Rate (SOFR) benchmark.

“On March 29, 2023, TVA also executed an amendment to its Second Amended and Restated September Maturity Credit Agreement Dated as of September 21, 2021, Among TVA, as the Borrower, Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas.”
Debt Financings

Tennessee Valley Authority amended credit facility with Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank at Secured Overnight Financing Rate (SOFR) benchmark maturing March 29, 2026.

“On March 29, 2023, the Tennessee Valley Authority (“TVA”) executed an amendment to the December Maturity Community Bank Credit Agreement Dated as of December 12, 2016, and Amended as of December 11, 2018 and February 9, 2021, Among TVA, as the Borrower, Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank.”
Material Agreements

Tennessee Valley Authority amended Second Amended and Restated September Maturity Credit Agreement with Royal Bank of Canada, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas (effective 2023-03-29).

“On March 29, 2023, TVA also executed an amendment to its Second Amended and Restated September Maturity Credit Agreement Dated as of September 21, 2021, Among TVA, as the Borrower, Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas.”
Material Agreements

Tennessee Valley Authority amended December Maturity Community Bank Credit Agreement with Truist Bank, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank (effective 2023-03-29).

“On March 29, 2023, the Tennessee Valley Authority (“TVA”) executed an amendment to the December Maturity Community Bank Credit Agreement Dated as of December 12, 2016, and Amended as of December 11, 2018 and February 9, 2021, Among TVA, as the Borrower, Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank.”
Material Agreements

Tennessee Valley Authority amended a credit facility with Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto (effective 2023-01-05).

“On January 5, 2023, the Tennessee Valley Authority ("TVA") executed an amendment to its $500,000,000 credit agreement dated as of August 7, 2015, and amended as of February 28, 2017, February 21, 2018, and February 27, 2020, with Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto.”

Adam Wade White was appointed as Member of the Board of Directors at Tennessee Valley Authority.

“On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.”

Joe H. Ritch was appointed as Member of the Board of Directors at Tennessee Valley Authority.

“On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.”

William J. Renick was appointed as Member of the Board of Directors at Tennessee Valley Authority.

“On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.”

Robert P. Klein was appointed as Member of the Board of Directors at Tennessee Valley Authority.

“On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.”

L. Michelle Moore was appointed as Member of the Board of Directors at Tennessee Valley Authority.

“On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.”

Beth Prichard Geer was appointed as Member of the Board of Directors at Tennessee Valley Authority.

“On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.”

Jeff W. Smith departed as Member of the Board of Directors at Tennessee Valley Authority.

“The terms of A.D. Frazier and Jeff W. Smith as members of the TVA Board of Directors ended January 3, 2023, with the adjournment of the most recent session of Congress.”

A.D. Frazier departed as Member of the Board of Directors at Tennessee Valley Authority.

“The terms of A.D. Frazier and Jeff W. Smith as members of the TVA Board of Directors ended January 3, 2023, with the adjournment of the most recent session of Congress.”

Adam Wade White was appointed as Director at Tennessee Valley Authority.

“On December 21, 2022, the United States Senate confirmed the nominations of Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White to serve on the TVA Board of Directors (the “Board”).”

Joe H. Ritch was appointed as Director at Tennessee Valley Authority.

“On December 21, 2022, the United States Senate confirmed the nominations of Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White to serve on the TVA Board of Directors (the “Board”).”

William J. Renick was appointed as Director at Tennessee Valley Authority.

“On December 21, 2022, the United States Senate confirmed the nominations of Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White to serve on the TVA Board of Directors (the “Board”).”

Robert P. Klein was appointed as Director at Tennessee Valley Authority.

“On December 21, 2022, the United States Senate confirmed the nominations of Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White to serve on the TVA Board of Directors (the “Board”).”

L. Michelle Moore was appointed as Director at Tennessee Valley Authority.

“On December 21, 2022, the United States Senate confirmed the nominations of Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White to serve on the TVA Board of Directors (the “Board”).”

Beth Prichard Geer was appointed as Director at Tennessee Valley Authority.

“On December 21, 2022, the United States Senate confirmed the nominations of Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White to serve on the TVA Board of Directors (the “Board”).”

Kenneth E. Allen departed as Director at Tennessee Valley Authority.

“The terms of John L. Ryder and Kenneth E. Allen as members of the Tennessee Valley Authority (“TVA”) Board of Directors ended January 3, 2022”

John L. Ryder departed as Director at Tennessee Valley Authority.

“The terms of John L. Ryder and Kenneth E. Allen as members of the Tennessee Valley Authority (“TVA”) Board of Directors ended January 3, 2022”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.