Attached files
| file | filename |
|---|---|
| 8-K - TENNESSEEVALLEYAUTHORITY8K(RESULTSOFOPERATIONS) - Tennessee Valley Authority | tva8k041411.htm |
Financial Update
1
Performance Summary through March
2
Summary Income Statement
March 2011 Fiscal Year to Date
‘Preliminary YTD March Results - Unaudited’
3
Net Income Value Drivers
Net Income
Operating
Revenue
Sales
Weather
Impact
Economic
Indicators
Base Capital
Debt Service
EE&DR
Spend
Fuel &
Purchased
Power Expense
Purchased
Power
Rates
Hydro
Generation
Volume
Fuel Rates
4
Summary Cash Flow Statement
FYTD Total Debt
$ 24,275
$ 24,491
$ 216
March 2011 Fiscal Year to Date
‘Preliminary YTD March Results - Unaudited’
5
March 2011 Fiscal Year-to-Date
• Colder weather drove higher sales and fuel expense
• Overall net income for reinvestment greater than planned
• Favorable cash flow from timing of construction and base
capital spending
capital spending
Forecasted Fiscal Year 2011
• Uncertainty surrounding Japanese nuclear situation
• Economic uncertainty could increase revenue volatility
• Capital expenditures will normalize
Summary
6