# Pandemic Recovery Credit
> **Audit** by Tennessee Valley Authority OIG · 2023-10-19
> *About: Tennessee Valley Authority*
## Report
- **Title:** Pandemic Recovery Credit
- **Submitting OIG:** Tennessee Valley Authority OIG
- **Component agency:** Tennessee Valley Authority
- **Type:** Audit
- **Publication date:** 2023-10-19

## Summary

On August 20, 2020, in response to the coronavirus (COVID-19) pandemic, the Tennessee Valley Authority (TVA) created the Pandemic Relief Credit (PRC) to provide a measure of relief to local power companies (LPCs), industries, businesses, and people of TVA’s seven state service region. Relief was provided in the form of a 2.5 percent credit to LPC and directly served customers’ demand and nonfuel energy charges. In August 2021, TVA extended the 2.5 percent credit through fiscal year (FY) 2022. TVA subsequently extended the 2.5 percent credit through FY 2023.


## Recommendations

- **Rec 1** (Closed): We recommend the Vice President, Contracts and Rates Strategy, Pricing and Contracts, work with Tennessee Valley Authority’s Regulatory Assurance to ensure all Time of Use customers receive the Pandemic Relief Credit.
- **Rec 2** (Closed): We recommend the Vice President, Contracts and Rates Strategy, Pricing and Contracts, work with Tennessee Valley Authority’s Regulatory Assurance to reinstate the control requiring local power companies to request a rate action or justify their need…
- **Rec 3** (Closed): We recommend the Vice President, Contracts and Rates Strategy, Pricing and Contracts, work with Tennessee Valley Authority’s Regulatory Assurance to work with any local power companies identified as having excess reserves to reduce their cash surplus…
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/audit/pandemic-recovery-credit)
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