UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13, 15(d), or 37 of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2020
TENNESSEE VALLEY AUTHORITY
(Exact name of registrant as specified in its charter)
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A corporate agency of the United States created by an act of Congress
(State or other jurisdiction of incorporation or organization)
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000-52313
(Commission file number)
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62-0474417
(IRS Employer Identification No.)
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400 W. Summit Hill Drive
Knoxville, Tennessee
(Address of principal executive offices)
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37902
(Zip Code)
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(865) 632-2101
(Registrant's telephone number, including area code)
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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N/A
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N/A
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N/A
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Events.
On March 25, 2020, in response to the COVID-19 outbreak, the Board of Directors of the Tennessee Valley Authority ("TVA") authorized TVA's Chief Executive Officer to approve alternative wholesale payment arrangements and certain regulatory changes that will enable TVA's local power company customers to take swift local revenue-related rate actions to help ensure their financial integrity. A copy of a news release regarding this matter is filed as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
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EXHIBIT NO.
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DESCRIPTION OF EXHIBIT
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99.1
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News Release Dated March 26, 2020, Regarding Delegation of Authority to TVA’s Chief Executive Officer to Implement Alternative Wholesale Payment Arrangements and Certain Regulatory Changes
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Tennessee Valley Authority
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(Registrant)
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Date: March 30, 2020
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/s/ John M. Thomas, III
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John M. Thomas, III
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Executive Vice President and
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Chief Financial Officer
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EXHIBIT INDEX
This exhibit is filed pursuant to Item 8.01 hereof.
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EXHIBIT NO.
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DESCRIPTION OF EXHIBIT
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