MATERIALS USED IN KILGORE’S BOARD PRESENTATION 11/19/2009                                                                                                                                           EXHIBIT 99.1

Power Sales

        Fiscal Year 2009 Results

Generation

  Fiscal Year 2009 Results

Financials

Fiscal Year 2009 Results

Financials

Fiscal Year 2009 Results

Rainfall and Runoff

Eastern Valley Fiscal Year 2009 Results

Fuel and Purchased Power Spot Prices

Spot Price History

Rate Trends

Average Residential Retail Rates

Rate Trends

Average Retail Rates for selected Industrial load MSD customer, 30,000 kW at 80% load factor

Average Wholesale Rate Adjustment

Highlights

Purchased Wind Power

Highlights

World-class nuclear performance

Sequoyah 1’s capacity factor ranked 6th among the world’s 439 units in 2009

       --Sources:  Nuclear Energy Institute & McGraw –Hill

Highlights

A good start for hydro

Tributary Water Inventory

Highlights

Recovering Retirement Fund

Nuclear Decommissioning Funding

Highlights

Energy-Efficient Test Homes

             

Hard Spots

Announced Projects and Valley Economy

Employment – Valley and U.S.

Major 2009 Announcements/Expansion

Hard Spots

Reportable Environmental Events

Hard Spots

Key Initiatives

Remediation plan for impoundments

Winning Performance

      *Excludes impact of $1 billion pension contribution

TVA Performance

    

*Metrics were not benchmarked.

TVA Performance

     

    *Excludes impact of $1 billion pension contribution

 **Only Plant Reliability was benchmarked

Summary