Financial Performance Update JOHN THOMAS Executive Vice President and Chief Financial Officer EXHIBIT 99.1


 
Fiscal Year 2016 Net Income: $1,233M $641M more than budget and $122M above last year Operating Revenues: Effective rate of 6.7¢ v. 6.9¢ last year Favorable fuel cost results in lower customer rates Operating & Maintenance Expenses: $77M favorable to budget Reduced O&M over $800M Interest Expense: $229M favorable to budget Total Financing Obligations (TFO): $776M less than budget Additional AFUDC recognition and lower debt rates BOARD MEETING | 2


 
| 3 Warm Winter – Long, Hot Summer BOARD MEETING Fiscal years 1962 through 2016 (ranked low to high). FY16 heating degree days adjusted for leap year for comparison purposes


 
Summary Income Statement $641M favorable due to lower expenses, despite unfavorable winter weather FY 2016 FY 2015 $ million Actual Budget Variance Actual '16 v '15 Fav/(Unfav) Fav/(Unfav) Operating Revenue $ 10,616 $ 10,754 $ (138) $ 11,003 $ (387) Fuel & Purchased Power 3,090 3,406 316 3,394 304 Total O&M Expense 2,842 2,919 77 2,838 (4) Taxes, Depreciation, Other 2,315 2,472 157 2,527 212. Interest 1,136 1,365 229 1,133 (3) Net Income (Loss) $ 1,233 $ 592 $ 641 $ 1,111 $ 122 BOARD MEETING | 4


 
Summary Cash Flow Statement FY 2016 FY 2015 $ million Actual Budget Variance Actual '16 v '15 Cash Flow from Operating Activities $ 3,042 $ 2,632 $ 410 $ 3,315 $ (273) Cash Flow used in Investing Activities (3,113) (3,176) 63 (3,585) 472 Cash Flow from Financing Activities 71 544 (473) 70 1 Net Change in Cash & Cash Equivalents - - - (200) 200 Ending Cash & Short-Term Investments 300 300 - 300 - Ending Debt and Financing Obligations $ 26,202 $ 26,978 $ 776 $ 26,120 $ (82) Statutory Debt 24,175 24,951 776 23,878 (297) BOARD MEETING | 5 TFOs were $776M favorable to budget, reflecting $392M of favorability FY16


 
FY 2016 Summary (Results v. Plan) Lower Rates for our Customers Lower Expenses Lower Debt Balance Higher Net Income BOARD MEETING | 6


 
Financial Track Record BOARD MEETING | 7


 


 

The following information was filed by Tennessee Valley Authority (TVC) on Thursday, November 10, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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