Our Spring 2013 Semiannual Report to Congress, “Navigating Risk – Challenges in Maintaining Financial Health” focuses on major challenges and associated risks facing TVA that could impact financial health. The decisions TVA makes in this area affect how successful TVA is in achieving its mission of low cost energy, economic development and environmental stewardship. In this semiannual period, our audit, evaluation, and investigative activities identified more than $2 million in recoveries, fines, penalties, potential savings, and questioned costs and identified numerous opportunities for TVA to improve its programs and operations. Part of the $2 million includes our role in the termination of a former employee’s workers’ compensation benefits that resulted in a projected savings of more than $770,000. To read more, click here. Click here to read this report…

Following recent incidents requiring emergency response at TVA fossil plants, including the Kingston Fossil Plant ash spill and fires at multiple plants, a review was implemented to determine if Coal Operations and Gas Operations have made progress in their emergency preparedness and response program since the ash spill.

Our review found that although progress had been made in emergency preparedness and response, improvements could have been implemented more effectively. In addition, opportunities to improve the program still exist in the areas of site consistency and training. Click here to read this report…