Glenn L. McCullough, Jr., Skila Harris and Bill Baxter, individually certify that:
1. I have reviewed this Summary Analysis of Results of Operations and Financial Condition (Analysis) of the Tennessee Valley Authority;
2. Based on my knowledge, this Analysis does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the periods covered by this Analysis;
3. Based on my knowledge, the condensed financial statements and other financial information included in this Analysis fairly present in all material respects the financial condition, results of operations, and cash flows of the Tennessee Valley Authority as of, and for, the periods presented in this Analysis;
4. The other certifiers and I are responsible for establishing and maintaining disclosure controls and procedures for the Tennessee Valley Authority and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Tennessee Valley Authority is made known to us by others particularly during the period in which this Analysis is being prepared;
b) evaluated the effectiveness of the Tennessee Valley Authority’s disclosure controls and procedures and presented in this Analysis our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Analysis based on such evaluation; and
c) disclosed in this Analysis any change in internal control over financial reporting that occurred during the quarter ended September 30, 2003 that has materially affected, or is reasonably likely to materially affect, the Tennessee Valley Authority’s internal control over financial reporting; and
5. The other certifiers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Tennessee Valley Authority’s auditors and the Inspector General of the Tennessee Valley Authority:
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Tennessee Valley Authority’s ability to record, process, summarize, and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Tennessee Valley Authority’s internal control over financial reporting.
Date: 1/28/2004
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