UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13, 15(d), or 37 of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): December 22, 2008
TENNESSEE
VALLEY AUTHORITY
(Exact
name of registrant as specified in its charter)
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A
corporate agency of the United States created by an act of
Congress
(State
or other jurisdiction of incorporation or organization)
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000-52313
(Commission
file number)
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62-0474417
(IRS
Employer Identification No.)
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||
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400
W. Summit Hill Drive
Knoxville,
Tennessee
(Address
of principal executive offices)
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37902
(Zip
Code)
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(865) 632-2101
(Registrant’s
telephone number, including area code)
None
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01 Other Events.
Sometime
after midnight on December 22, 2008, a retention wall for an ash-containment
area at TVA’s Kingston Fossil Plant (“KFP”), located near Kingston, Tennessee
collapsed. The resulting ash slide impacted an area of approximately
250 acres to 400 acres on the north side of the plant. There were no
reported injuries but approximately 15 homes were directly
affected. The ash slide also interrupted utilities to nearby
residents, blocked a local roadway, and a rail spur serving the
site. The Environmental Protection Agency has been notified of the
incident, and TVA is working with state and local agencies to respond to the
situation and assist affected residents.
TVA is
investigating the cause of the incident.
TVA
currently has no estimates on the costs associated with this incident, nor
sufficient information to reasonably develop such estimates.
With its
nine units, KFP is one of the larger TVA fossil plants. It generates
10 billion kilowatt-hours of electricity a year, enough to supply the needs
of about 670,000 homes in the Tennessee Valley. KFP is currently
able to operate.
KFP is
located on the Emory River, a tributary of the Tennessee River,
and steps are being taken to reduce the movement of ash downstream on
the Tennessee River. There are no expected impacts to other TVA
facilities which are located on, and draw their cooling water from, the
Tennessee River.
For information on this incident, go to
http://www.tva.com/emergency/ashslide_kingston.htm.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Tennessee Valley
Authority
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(Registrant)
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Date:
December 23, 2008
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/s/
Kimberly
S. Greene
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Kimberly
S. Greene
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Chief
Financial Officer and Executive
Vice
President, Financial Services
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