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 April 22, 2010. The report details a specific corporate event regarding a material definitive agreement entered into on the same date.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the amendment of a contractual agreement rather than financial performance reporting.
Material Changes
On April 22, 2010, TVA amended its joint ownership agreement, lease agreement, and buy-back arrangements with Seven States Power Corporation (SSPC) and its subsidiary, Seven States Southaven, LLC (SSSL). These agreements relate to a combined cycle combustion turbine facility in Southaven, Mississippi. The primary change was an extension of the agreement term by approximately three years, moving the expiration date to April 23, 2013. All other material terms and conditions remain unchanged.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the execution of the agreement extension. No unusual items were reported.
Key Facts for Investor Verification
- Confirmation that the Southaven, Mississippi facility agreements were extended to April 23, 2013.
- Verification that no other material terms of the joint ownership, lease, or buy-back arrangements were altered.
- Assessment of the strategic importance of the Seven States Power Corporation partnership to TVA's power generation portfolio.