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): January 16, 2008
TENNESSEE
VALLEY AUTHORITY
(Exact
name of registrant as specified in its charter)
|
|
|
|
||
|
A
corporate agency of the
United
Statescreated by
an
act of Congress
(State
or other jurisdiction
of incorporation or organization)
|
|
000-52313
Commission
file
number
|
|
62-0474417
(I.R.S.
Employer
Identification No.)
|
|
|
|
|
||
|
400
W.
Summit Hill
Drive
Knoxville,
Tennessee
(Address
of principal
executive offices)
|
|
37902
(Zip
Code)
|
(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 (see General Instruction A.2. below):
[ ] 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 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
On
January 16, 2008, TVA entered into an agreement to issue $500 million in TVA
Global Power Bonds. The settlement date for the transaction is January 23,
2008.
The Bonds bear a coupon rate of 4.875 percent and pay interest
semi-annually on each July 15 and January 15. The Bonds mature on January 15,
2048, and are not subject to redemption prior to maturity. Net
proceeds to TVA are 98.132 percent, exclusive of expenses incurred in
connection with offering the Bonds.
SIGNATURE
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.
Tennessee
Valley
Authority
(Registrant)
Date:
January 22,
2008 /s/ John
M.
Hoskins
John
M. Hoskins
Senior
Vice President
& Treasurer