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Tennessee Valley Authority Information on Lease-Leaseback and Other Financing Arrangements

By General Accounting Office

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Book Id: WPLBN0000031587
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005
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Title: Tennessee Valley Authority Information on Lease-Leaseback and Other Financing Arrangements  
Author: General Accounting Office
Volume:
Language: English
Subject: Government publications, Accountability in government, United States. General Accounting Office
Collections: Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic
Publication Date:
Publisher: United States General Accounting Office (Gao)

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Office, G. A. (n.d.). Tennessee Valley Authority Information on Lease-Leaseback and Other Financing Arrangements. Retrieved from http://www.worldebooklibrary.org/


Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: TVA has traditionally financed its operations with cash generated from operations, the issuance of bonds and notes, and in the past, appropriations. However, in fiscal year 2000, it began to use alternative forms of financing (primarily lease-leaseback arrangements) and is considering expanding their use. The lease-leaseback arrangements involve the refinancing of 24 combustion turbine power generators that are used during periods of peak demand for power. The lease-leaseback arrangements accounted for about $945 million of the $992 million raised by alternative financing arrangements as of May 31, 2003.

 

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