Tennessee Valley Authority - Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by the Tennessee Valley Authority (TVA), a corporate agency of the United States, on February 9, 2012. The report details organizational changes effective February 10, 2012.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and structural changes.
Material Changes
TVA announced a reorganization of its executive leadership structure. The new structure establishes eight distinct organizations, each led by an Executive Vice President (EVP) or Senior Vice President (SVP), all reporting directly to President and CEO Tom Kilgore. The new leadership assignments are:
- Nuclear Power: Preston Swafford (EVP & Chief Nuclear Officer)
- Nuclear Construction: Mike Skaggs (SVP)
- Generation: Kim Greene (EVP & Chief Generation Officer)
- Energy Delivery: Rob Manning (EVP & Chief Energy Delivery Officer)
- Financial Services: John Thomas (EVP & Chief Financial Officer)
- Administrative Services: Janet Herrin (EVP & Chief Administrative Officer)
- Policy & Oversight: Joe Hoagland (SVP)
- Office of the General Counsel: Ralph Rodgers (EVP & General Counsel)
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Key Investor Verification Points
- Confirm the effective date of the new organizational structure (February 10, 2012).
- Verify the specific reporting lines of the newly appointed EVPs and SVPs to the CEO.
- Review subsequent filings for any financial impact or strategic rationale related to this restructuring.