Date Issued
Report Type
Semiannual Report
Description
We are pleased to present our report for the period April 1, 2024, to September 30, 2024. In this semiannual period, our audit, evaluation, and investigative activities identified more than $48.4 million in questioned costs; funds put to better use; recoveries, fees, and fines; and opportunities for the Tennessee Valley Authority (TVA) to improve its programs and operations.
As much as TVA proactively plans for growing electricity generation needs, maintaining fiscal health, and a path to zero carbon emissions, emerging risks can demand focus and shift priorities. Over the last several years, historic extreme weather events like Winter Storm Elliott and Hurricane Helene have impacted the Tennessee Valley and required TVA to respond in order to support the 10 million people of the Valley. It is crucial for TVA to remain nimble, foster workforce commitment, and allow room for the unexpected. Our office supports TVA’s mission by providing independent and objective perspectives to both known and emerging risks.
Joint Report
No
Agency Wide
Yes (agency-wide)
Questioned Costs
$25124192
Funds for Better Use
$0