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): March 26, 2009

TENNESSEE VALLEY AUTHORITY

(Exact name of registrant as specified in its charter)

A corporate agency of the United States created by an act of Congress  (State or other jurisdiction of incorporation or organization)	000-52313 (Commission file number)	62-0474417  (IRS Employer Identification No.)
400 W. Summit Hill Drive Knoxville, Tennessee  (Address of principal executive offices)		37902  (Zip Code)

(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:

[   ]  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))

(1)

Item 1.01 Entry into a Material Definitive Agreement.

On March 26, 2009, TVA entered into two new credit facilities with Bank of America, N.A., as Administrative Agent, and Bank of America, N.A., as a Lender.  These new credit facilities are a $1,250,000,000 Spring Maturity Credit Agreement with a maturity date of May 13, 2009, and a $1,000,000,000 Fall Maturity Credit Agreement with a maturity date of November 9, 2009.  These agreements replace the previous $1,250,000,000 Spring Maturity Credit Agreement and $1,000,000,000 Fall Maturity Credit Agreement with Bank of America, N.A.  The new credit facilities accommodate the issuance of letters of credit by Bank of America, N.A. 

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.

Date: April 1, 2009	Tennessee Valley Authority
	(Registrant)
	/s/ Kimberly S. Greene
	Kimberly S. Greene
	Chief Financial Officer and Executive Vice President, Financial Services

(2)