A bill to impose greater accountability on the Tennessee Valley Authority with respect to capital investment decisions and financing operations by increasing Congressional and Executive Branch oversight.

referredUnited States· United States Congress· EN

Introduced

4 October 2002

Last action

4 October 2002 · Introduced

Status

Read twice and referred to the Committee on Environment and Public Works.

Summary

Directs the Tennessee Valley Authority (TVA) to submit a Ten-Year Business Outlook and Strategic Plan to the Director of the Office of Management and Budget and to certain congressional committees that includes: (1) estimates of power demand and capital expenditures; (2) a strategy and criteria for the development and financing of new nuclear and nonnuclear power supply sources; and (3) a strategy for managing the financing, refinancing, and repayment of existing TVA indebtedness. Requires the financial plan to include TVA policies regarding: (1) the use of short-term and long-term debt; (2) the use of derivative or other financing instruments; and (3) risk management strategies. Prohibits TVA, until the Director and each of the congressional committee leaders issue a written concurrence to the Plan, from: (1) expending any internally generated capital or otherwise undertake any investment in, or enter into any arrangement that would result in the development or financing of, new, additional, or replacement plant, equipment, or capacity; or (2) undertaking any financing of additional indebtedness or refinancing of debt without the written concurrence of the Director and leaders of specified congressional committees.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

4 October 2002
Introduced
Introduced in Senate
Source: IntroReferral
4 October 2002
Introduced
Read twice and referred to the Committee on Environment and Public Works.
Source: IntroReferral
4 October 2002
Introduced
Sponsor introductory remarks on measure. (CR S9994-9995)
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 4 October 2002 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 4 October 2002
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Introduced in Senate (PDF)
Introduced in Senate · EN · 4 October 2002
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Introduced in Senate
summary · EN · 4 October 2002
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/107th-congress/senate-bill/3061
Open data entity: https://api.congress.gov/v3/bill/107/s/3061
us · 107-s-3061 · source updated 7 April 2025