Business Context and Reporting Period
This Form 8-K is a current report filed by the Tennessee Valley Authority (TVA), a corporate agency of the United States, on April 18, 2013. The report details 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 report focuses exclusively on the amendment of contractual agreements rather than financial performance metrics.
Material Changes
On April 18, 2013, TVA amended its joint ownership agreement and lease agreement with Seven States Power Corporation (SSPC) and its subsidiary, Seven States Southaven, LLC (SSSL). These agreements relate to the combined cycle combustion turbine facility in Southaven, Mississippi. The primary change was an extension of the agreement terms by 135 days, moving the expiration date to September 5, 2013. All other material terms and conditions remained unchanged.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific agreement amendment. No unusual items were reported.
Key Facts for Investor Verification
- The joint ownership and lease agreements for the Southaven, Mississippi facility have been extended to September 5, 2013.
- No other material terms of the agreements with Seven States Power Corporation were altered.
- The filing does not disclose financial impacts or revenue implications of this extension.