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): December 31, 2007
TENNESSEE
VALLEY AUTHORITY
(Exact
name of registrant as specified in its charter)
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A
corporate agency of the
United
States
created
by an act of
Congress
(State
or other jurisdiction
of incorporation or organization)
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000-52313
Commission
file
number
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62-0474417
(I.R.S.
Employer
Identification No.)
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400
W.
Summit Hill
Drive
Knoxville,
Tennessee
(Address
of principal
executive offices)
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37902
(Zip
Code)
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(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
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
December 31, 2007, Congress adjourned without the Senate having voted upon
President George W. Bush’s nominations of Susan Richardson Williams and Bishop
William Graves to the TVA Board of Directors (the “Board”). Ms.
Williams and Bishop Graves had been members of the Board since 2006, but
their
terms expired May 18, 2007. In such a situation, the TVA Act
permitted them to continue to serve as directors until the end of the
then-current session of Congress. Because Congress adjourned and
their nominations were not approved, Ms. Williams and Bishop Graves are no
longer directors of TVA.
As
a
result of these vacancies and a previous vacancy, there are currently six
directors on the Board. Under the TVA Act, while the Board may have
up to nine directors, a quorum for transacting business is five
directors.
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:
January 7,
2008 /s/ John M. Thomas,
III
John
M. Thomas, III
Vice
President and
Controller