ASBESTOS LITIGATION: Tennessee Valley’s Expenses Still at $8Mil

Tennessee Valley Authority’s accretion expense related to coal- fired and gas/oil combustion turbine plants, asbestos, and polychlorinated biphenyls (PCBs) remained at US$8 million during the third quarter of 2009.

During the second quarter of fiscal 2009, the Company recorded an accretion…

ASBESTOS LITIGATION: Tennessee Valley Still Records $8M Expense

Tennessee Valley Authority, during the second quarter of fiscal 2009, recorded an accretion expense of US$8 million related to coal-fired and gas/oil combustion turbine plants, asbestos, and polychlorinated biphenyls (PCBs).

The Company, during the first quarter of fiscal 2009, recorded a…