David Flessner's questions to Tennessee Valley Authority (TVE) leadership • Q3 2022
Question
David Flessner of the Chattanooga Times Free Press inquired about the future trajectory of the Tennessee Valley Authority's Total Financial Obligations (TFO), asking if the current $20 billion level is the new target or if further debt reduction is planned amid new technology investments.
Answer
Chief Financial and Strategy Officer John Thomas explained that the low $20 billion TFO range is considered a healthy and stable level, aligning with their 20-year partnership agreements. He anticipates that while debt will level out in the short term, it will increase slightly over the next decade to finance the energy fleet's transition without significant hikes.