Tennessee Valley Authority Government Performance and Results Act Annual Performance Report, FY 2004 (For the Fiscal Year Ending September 30, 2004)

摘要

The Government Performance and Results Act of 1993 (GPRA) requires federal agencies to establish standards measuring their performance and effectiveness. Federal agencies are required to develop strategic plans describing their overall goals and objectives, annual performance plans containing quantifiable measures of their progress, and performance reports describing their success in meeting those standards and measures. This report documents the Tennessee Valley Authoritys (TVA) actual performance and progress in achieving the goals and objectives identified in its annual performance plan for FY 2004. Information is expressed in terms required by GPRA and the Office of Management and Budget (OMB) Circular A-11. This Performance Report is aligned with TVAs GPRA Strategic Plan submitted to Congress for the period 2003-2008. While TVA is a corporation of the federal government, it is unique in that it receives no federal appropriations and must finance itself entirely through sales and revenue and borrowing. In addition to the normal challenges of operating and financing a $7.5 billion business, TVA is now preparing for change from a monopoly to a competitive business model. To guide the organization through this transition, TVA has developed a corporate strategic plan consistent with and complementary to the plan required by GPRA. TVA exists to improve the quality of life for the 8.5 million people of the Tennessee Valley through its work in three major areas: energy, the environment, and economic development. Now operating in an increasingly vigorous and competitive marketplace, TVA fulfills its mission of public service by making prudent business decisions and using the best practices of private enterprise.