Tennessee Valley Authority · NYSE:TVC

Tennessee Valley Authority — Corporate Update (August 2010)

4 slides from Tennessee Valley Authority's corporate update, August 2010

1. Slide 1: Kingston Report Lessons Learned: Improving Accountability and Performance

   Kingston Report Lessons Learned: Improving Accountability and Performance

2. Slide 2: Missed Opportunities and Observations

   Missed Opportunities Although the actions below were not required, they were opportunities to improve accountability and performance Examples: Failure to adopt the Dam Safety Program to evaluate coal combustion wet storage ponds Failure to revisit engineering assumptions Failure to employ more conse

3. Slide 3: Areas of Improvement and Actions Already Taken

   Areas of Improvement Improving Accountability and Performance in four areas: • Management and Culture • Standardized Programmatic Processes and Procedures • Structural, Physical and Technical Performance Levels • Organizational Structure Issues 6 Actions Already Taken • Initiated a thorough investig

4. Slide 4: Actions Already Taken: Management and Culture

   Actions Already Taken • Embarked on implementation of an ambitious enterprise- level Risk Management program • Instituted several organizational structure changes to complement the desired culture: ƒ Consolidation of all Coal Combustion Product Management ƒ Consolidation of Environmental Permitting

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