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Acquisition and Disposal of Real Property

Report Information

Date Issued
Report Number
2021-15789
Report Type
Inspection / Evaluation
Description
The Office of the Inspector General conducted an evaluation to determine if the Tennessee Valley Authority (TVA) was effectively managing acquisitions and disposals of real property. We determined TVA effectively managed the real property acquisitions and disposals for the sample of transactions we reviewed. Specifically, we determined sampled acquisition and disposal decisions were generally supported by the financial, environmental, and title reviews conducted as part of TVA’s real property transaction process; however, we identified noncompliance with some parts of the standard programs and processes and user guides. We also identified opportunities for improvement related to information provided to the TVA Board of Directors and clarification within the standard programs and processes and user guides. Additionally, we identified issues related to TVA’s survey process.
Joint Report
Yes
Participating OIG
Tennessee Valley Authority OIG
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0
View report on Oversight.gov

Recommendations

We recommend the Senior Vice President, Transmission and Power Supply, evaluate TVA’s survey process and address identified concerns.

We recommend the Chief Operating Office, in coordination with other senior management: • Reinforce compliance with the real property standard programs and processes and user guides across TVA.• Communicate the importance of including all relevant data in TVA Board of Directors approval packages.

We recommend the Senior Vice President, Generation Projects and Fleet Services, in coordination with applicable organizations, review and revise the standard programs and processes and user guides to provide clarification where needed.