TVA - Tennessee Valley Authority
06/10/2025 | Press release | Distributed by Public on 06/10/2025 13:26
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Beth P. Geer's appointment as a member of the Tennessee Valley Authority Board of Directors ("TVA Board") ended June 10, 2025, at the direction of the President of the United States.
The TVA Board now has three members and, thus, continues to be without a quorum. Without a quorum, the TVA Board continues to have all authorities as described in Section 1.6 of the TVA Bylaws to "continue to exercise those powers of the Board which are necessary to assure continuity of operations of [TVA] along the lines established while [TVA] was guided by a quorum of the Board, but shall not have the authority to direct [TVA] into new areas of activity, to embark on new programs, or to change [TVA's] existing direction."
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