Business Context and Reporting Period
This is an Amendment No. 1 to a Form 8-K filed by the Tennessee Valley Authority (TVA), a corporate agency of the United States. The report date is November 4, 2010, with the document signed on November 9, 2010. The filing specifically addresses Item 5.02 regarding the appointment of certain officers to Board committees.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and contains no financial performance data.
Material Changes
The material change reported is the formal appointment of four confirmed Directors to specific Board committees during the November 4, 2010 public meeting. These Directors were previously confirmed by the United States Senate on September 16, 2010. The new committee assignments are as follows:
- Audit, Risk, and Regulation Committee: Thomas C. Gilliland (Chair), Neil G. McBride, Robert M. Duncan, Dennis C. Bottorff.
- Customer and External Relations Committee: Robert M. Duncan (Chair), Neil G. McBride, Bishop William H. Graves, Marilyn A. Brown.
- Finance, Rates, and Portfolio Committee: William B. Sansom (Chair), Barbara S. Haskew, Thomas C. Gilliland.
- People and Performance Committee: Bishop William H. Graves (Chair), Barbara S. Haskew, Dennis C. Bottorff.
- Nuclear Committee: Marilyn A. Brown (Chair), William B. Sansom.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the effective date of the committee appointments (November 4, 2010).
- Confirm the specific committee chairmanships assigned to the newly confirmed Directors.
- Note that this filing is an amendment to a previous 8-K filed on September 21, 2010, which reported the Senate confirmation of the Directors.