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Financial
Highlights
Management’s
Discussion and Analysis
Management’s
assessment of the company’s financial condition, including
the principal factors that affect the results of operations
Balance
Sheets
The year-end
status of assets, liabilities, and proprietary capital for both
the power program and all programs
Statements
of Income—Power Program
Revenues, expenses,
and net income for the current year and past two years
Statements
of Cash Flows
Details of
the sources and uses of cash for both the power program and all
programs
Statements
of Changes in Proprietary Capital—Power Program
Details of the changes in power program proprietary capital and
amounts retained at the end of the year
Statements
of Net Expense—Nonpower Programs
Expenditures
of nonpower programs by budget category
Statements
of Changes in Proprietary Capital—Nonpower Programs
Details of
the appropriations and net nonpower program expense and amounts
retained at the end of the year
Notes
to Financial Statements
Additional
disclosures relating to the financial statements
Report
of Independent Accountants
PricewaterhouseCoopers
LLP’s opinion on the financial statements
Report
of Management
Management’s
responsibilities for the fair presentation of the financial statements
Investor
Information
Selected TVA
information for investors
Statistical
and Financial Summaries
A table of
selected operating and financial information for the current year
and past 10 years
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