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): February 9, 2009
TENNESSEE
VALLEY AUTHORITY
(Exact
name of registrant as specified in its charter)
|
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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
On February 9, 2009, TVA entered into
an agreement to issue two series of TVA Power Bonds. The first series
consists of 2.25% 2009 Series A Power Bonds, with an aggregate principal amount
of $22,409,000 and a maturity date of November 15, 2015 (the “Series A
Bonds”). The second series consists of 3.77% 2009 Series B Power
Bonds, with an aggregate principal amount of $469,454,000 and a maturity date of
June 15, 2034 (the “Series B Bonds”). The settlement date for the
transaction is February 13, 2009. The Series A Bonds pay interest
semi-annually on each May 15 and November 15, beginning May 15,
2009. The Series B Bonds pay interest semi-annually on each June 15
and December 15, beginning June 15, 2009. On each interest payment
date (including the maturity dates), a specified portion of each series of bonds
will be redeemed by TVA.
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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Date:
February 13, 2009
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Tennessee
Valley Authority
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(Registrant)
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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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