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): June 4, 2008
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)
|
000-52313
(Commission
file number)
|
62-0474417
(IRS
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:
[ ] 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))
(1)
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On June 4, 2008, the Senate confirmed
the nomination of Bishop William Graves of Memphis, Tennessee, to serve on the
TVA Board of Directors (the “TVA Board”). Bishop Graves’s term will
expire on May 18, 2012. His committee assignments have not yet been
determined.
Bishop Graves will take office after
being sworn in, a date for which has not been set. He previously
served on the TVA Board from 2006 to 2007.
Bishop Graves has been presiding Bishop
of the Christian Methodist Episcopal Church in Memphis, Tennessee since being
elected at the 2006 General Conference held in June to July
2006. Previously, he was pastor of the Phillips Temple CME Church of
Los Angeles, California. He is a Past President of the Board of the
National Congress of Black Churches, and from September 1993 to July 2004 Bishop
Graves was a member of the Board of Memphis Light, Gas and Water, a TVA
distributor customer.
There are no family relationships
between Bishop Graves and any director, executive officer or person nominated or
chosen to become a director or executive officer of TVA. As a
director, he will be entitled to the benefits and arrangements applicable to his
office as identified in Item 11 of the Annual Report on Form 10-K, as amended by
Form 10-K/A, for the fiscal year ended September 30, 2007.
Neither Bishop Graves nor any member of
his immediately family is party to, or has a direct or indirect material
interest in, any transactions or arrangements with TVA other than in connection
with Bishop Graves’s employment as described in this report.
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.
Tennessee
Valley Authority
(Registrant)
Date:
June 10,
2008 /s/ Kimberly S.
Greene
Kimberly S. Greene
Chief Financial Officer and Executive
Vice President,
Financial Services
(2)