.container { padding-left: 12px; padding-right: 12px}@media (min-width: 992px) { .container-wide { max-width:120rem; padding-left: 3rem; padding-right: 3rem }}.site-wrapper { margin-top: 3.5rem; margin-left: 0; margin-right: 0; max-width: none; padding-left: 0; padding-right: 0; overflow-x: hidden}@media (min-width: 992px) { .site-wrapper { margin-top:6.75rem }}.header { padding-top: 0.75rem; position: fixed; z-index: 10; width: 100%; background-color: #fff; top: 0; height: 3.5rem}@media (min-width: 992px) { .header { padding-top:1.5rem; height: 6.75rem }}.header .tva-logo { color: #3f3f3f}.header .header-row { -ms-flex-align: center; align-items: center}@media (min-width: 1200px) { .header .header-row { -ms-flex-align:end; align-items: flex-end }}nav { display: none; background: white; position: fixed; width: 100%; padding-left: 12px; padding-right: 12px; top: 3.5rem; right: 0; box-shadow: 0px 5px 20px -15px rgba(0,0,0,0.5),15px 10px 20px -25px rgba(0,0,0,0.5),-15px 10px 20px -25px rgba(0,0,0,0.5)}nav.active { display: block}nav a,nav a:hover { text-decoration: none}@media (min-width: 768px) { nav { width:70vw; padding-left: 2rem; padding-right: 2rem }}@media (min-width: 992px) { nav { top:6.75rem; width: 40vw }}@media (min-width: 1200px) { nav { display:-ms-flexbox; display: flex; -ms-flex-positive: 1; flex-grow: 1; -ms-flex-negative: 0; flex-shrink: 0; -ms-flex-align: end; align-items: flex-end; margin-bottom: 0.3125rem; box-shadow: none; position: static; width: 100%; padding: 0 } nav.active { display: -ms-flexbox; display: flex }}.nav-control { display: block; border: none; background: none; padding: 0; width: 40px; margin-right: 0.625rem}@media (min-width: 1200px) { .nav-control { display:none }}.nav-control .line { position: relative; width: 40px; height: .2rem; margin-bottom: .4rem; background: #414141}.nav-control .line:last-of-type { margin-bottom: 0}.nav-control.active { padding: 15px 0 1px}.nav-control.active .line:first-child { -webkit-transform: rotate(-45deg); transform: rotate(-45deg)}.nav-control.active .line:last-child { -webkit-transform: rotate(45deg); transform: rotate(45deg); top: -9.5px}.nav-control.active .line:nth-child(2) { display: none}.nav-item-group { position: relative; max-width: 540px; margin-left: auto; margin-right: auto; padding-left: 0.187rem; padding-right: 0.187rem; margin-bottom: 1rem}@media (min-width: 576px) { .nav-item-group { padding-left:12px; padding-right: 12px }}@media (min-width: 768px) { .nav-item-group { max-width:none; padding-left: 0; padding-right: 0; margin-left: 0; margin-right: 0 }}@media (min-width: 1200px) { .nav-item-group { margin-bottom:0; margin-right: 1.1%; margin-left: 1.1% }}.nav-item-group a:hover,.nav-item-group a:focus { color: #717171}.nav-item-group.cat-env a:hover { color: #6A9033}.nav-item-group.cat-energy a:hover { color: #E56027}.nav-item-group.cat-econ a:hover { color: #2C9199}.nav-item-group.cat-about a:hover { color: #447DAE}.nav-item-group.cat-kidswhat a:hover { color: #004b85}.nav-item-group.cat-kidselec a:hover { color: #e43c31}.nav-item-group.cat-kidsenv a:hover { color: #7fbd42}.nav-item-group.cat-kidsriv a:hover { color: #29afca}.nav-item-group.cat-kidshis a:hover { color: #ffc428}.nav-item-group.cat-kidsres a:hover { color: #004b85}.nav-item-group.cat-env a:focus { color: #6A9033}.nav-item-group.cat-energy a:focus { color: #E56027}.nav-item-group.cat-econ a:focus { color: #2C9199}.nav-item-group.cat-about a:focus { color: #447DAE}.nav-item-group.cat-kidswhat a:focus { color: #004b85}.nav-item-group.cat-kidselec a:focus { color: #e43c31}.nav-item-group.cat-kidsenv a:focus { color: #7fbd42}.nav-item-group.cat-kidsriv a:focus { color: #29afca}.nav-item-group.cat-kidshis a:focus { color: #ffc428}.nav-item-group.cat-kidsres a:focus { color: #004b85}.nav-item-group.cat-env .sub-nav-list { border-color: #6A9033}.nav-item-group.cat-energy .sub-nav-list { border-color: #E56027}.nav-item-group.cat-econ .sub-nav-list { border-color: #2C9199}.nav-item-group.cat-about .sub-nav-list { border-color: #447DAE}.nav-item-group.cat-kidswhat .sub-nav-list { border-color: #004b85}.nav-item-group.cat-kidselec .sub-nav-list { border-color: #e43c31}.nav-item-group.cat-kidsenv .sub-nav-list { border-color: #7fbd42}.nav-item-group.cat-kidsriv .sub-nav-list { border-color: #29afca}.nav-item-group.cat-kidshis .sub-nav-list { border-color: #ffc428}.nav-item-group.cat-kidsres .sub-nav-list { border-color: #004b85}.nav-item { font-size: 0.7rem; font-weight: 500; letter-spacing: .126em; text-transform: uppercase; color: #414141; position: relative}.nav-heading { display: inline-block; width: 100%; border: none; cursor: pointer}@media (min-width: 1200px) and (hover: hover) { .nav-heading { display:none }}.nav-heading-link { display: none}@media (min-width: 1200px) and (hover: hover) { .nav-heading-link { display:inline-block }}@media (min-width: 1200px) and (hover: hover) { .nav-item-overview { display:none }}.nav-item-group:focus-within .nav-heading,.nav-item-group:focus-within .nav-heading-link { color: #717171}.nav-item-group:focus-within.cat-env .nav-heading { color: #6A9033}.nav-item-group:focus-within.cat-energy .nav-heading { color: #E56027}.nav-item-group:focus-within.cat-econ .nav-heading { color: #2C9199}.nav-item-group:focus-within.cat-about .nav-heading { color: #447DAE}.nav-item-group:focus-within.cat-kidswhat .nav-heading { color: #004b85}.nav-item-group:focus-within.cat-kidselec .nav-heading { color: #e43c31}.nav-item-group:focus-within.cat-kidsenv .nav-heading { color: #7fbd42}.nav-item-group:focus-within.cat-kidsriv .nav-heading { color: #29afca}.nav-item-group:focus-within.cat-kidshis .nav-heading { color: #ffc428}.nav-item-group:focus-within.cat-kidsres .nav-heading { color: #004b85}.nav-item-group:focus-within.cat-env .nav-heading-link { color: #6A9033}.nav-item-group:focus-within.cat-energy .nav-heading-link { color: #E56027}.nav-item-group:focus-within.cat-econ .nav-heading-link { color: #2C9199}.nav-item-group:focus-within.cat-about .nav-heading-link { color: #447DAE}.nav-item-group:focus-within.cat-kidswhat .nav-heading-link { color: #004b85}.nav-item-group:focus-within.cat-kidselec .nav-heading-link { color: #e43c31}.nav-item-group:focus-within.cat-kidsenv .nav-heading-link { color: #7fbd42}.nav-item-group:focus-within.cat-kidsriv .nav-heading-link { color: #29afca}.nav-item-group:focus-within.cat-kidshis .nav-heading-link { color: #ffc428}.nav-item-group:focus-within.cat-kidsres .nav-heading-link { color: #004b85}.nav-item-group.focus-within .nav-heading,.nav-item-group.focus-within .nav-heading-link,.nav-item-group.active .nav-heading,.nav-item-group.active .nav-heading-link,.nav-item-group:hover .nav-heading,.nav-item-group:hover .nav-heading-link { color: #717171}.nav-item-group.focus-within.cat-env .nav-heading,.nav-item-group.active.cat-env .nav-heading,.nav-item-group:hover.cat-env .nav-heading { color: #6A9033}.nav-item-group.focus-within.cat-energy .nav-heading,.nav-item-group.active.cat-energy .nav-heading,.nav-item-group:hover.cat-energy .nav-heading { color: #E56027}.nav-item-group.focus-within.cat-econ .nav-heading,.nav-item-group.active.cat-econ .nav-heading,.nav-item-group:hover.cat-econ .nav-heading { color: #2C9199}.nav-item-group.focus-within.cat-about .nav-heading,.nav-item-group.active.cat-about .nav-heading,.nav-item-group:hover.cat-about .nav-heading { color: #447DAE}.nav-item-group.focus-within.cat-kidswhat .nav-heading,.nav-item-group.active.cat-kidswhat .nav-heading,.nav-item-group:hover.cat-kidswhat .nav-heading { color: #004b85}.nav-item-group.focus-within.cat-kidselec .nav-heading,.nav-item-group.active.cat-kidselec .nav-heading,.nav-item-group:hover.cat-kidselec .nav-heading { color: #e43c31}.nav-item-group.focus-within.cat-kidsenv .nav-heading,.nav-item-group.active.cat-kidsenv .nav-heading,.nav-item-group:hover.cat-kidsenv .nav-heading { color: #7fbd42}.nav-item-group.focus-within.cat-kidsriv .nav-heading,.nav-item-group.active.cat-kidsriv .nav-heading,.nav-item-group:hover.cat-kidsriv .nav-heading { color: #29afca}.nav-item-group.focus-within.cat-kidshis .nav-heading,.nav-item-group.active.cat-kidshis .nav-heading,.nav-item-group:hover.cat-kidshis .nav-heading { color: #ffc428}.nav-item-group.focus-within.cat-kidsres .nav-heading,.nav-item-group.active.cat-kidsres .nav-heading,.nav-item-group:hover.cat-kidsres .nav-heading { color: #004b85}.nav-item-group.focus-within.cat-env .nav-heading-link,.nav-item-group.active.cat-env .nav-heading-link,.nav-item-group:hover.cat-env .nav-heading-link { color: #6A9033}.nav-item-group.focus-within.cat-energy .nav-heading-link,.nav-item-group.active.cat-energy .nav-heading-link,.nav-item-group:hover.cat-energy .nav-heading-link { color: #E56027}.nav-item-group.focus-within.cat-econ .nav-heading-link,.nav-item-group.active.cat-econ .nav-heading-link,.nav-item-group:hover.cat-econ .nav-heading-link { color: #2C9199}.nav-item-group.focus-within.cat-about .nav-heading-link,.nav-item-group.active.cat-about .nav-heading-link,.nav-item-group:hover.cat-about .nav-heading-link { color: #447DAE}.nav-item-group.focus-within.cat-kidswhat .nav-heading-link,.nav-item-group.active.cat-kidswhat .nav-heading-link,.nav-item-group:hover.cat-kidswhat .nav-heading-link { color: #004b85}.nav-item-group.focus-within.cat-kidselec .nav-heading-link,.nav-item-group.active.cat-kidselec .nav-heading-link,.nav-item-group:hover.cat-kidselec .nav-heading-link { color: #e43c31}.nav-item-group.focus-within.cat-kidsenv .nav-heading-link,.nav-item-group.active.cat-kidsenv .nav-heading-link,.nav-item-group:hover.cat-kidsenv .nav-heading-link { color: #7fbd42}.nav-item-group.focus-within.cat-kidsriv .nav-heading-link,.nav-item-group.active.cat-kidsriv .nav-heading-link,.nav-item-group:hover.cat-kidsriv .nav-heading-link { color: #29afca}.nav-item-group.focus-within.cat-kidshis .nav-heading-link,.nav-item-group.active.cat-kidshis .nav-heading-link,.nav-item-group:hover.cat-kidshis .nav-heading-link { color: #ffc428}.nav-item-group.focus-within.cat-kidsres .nav-heading-link,.nav-item-group.active.cat-kidsres .nav-heading-link,.nav-item-group:hover.cat-kidsres .nav-heading-link { color: #004b85}.sub-nav { background: white; display: -ms-flexbox; display: flex; -ms-flex-direction: row; flex-direction: row; list-style: none; padding: 1rem 1rem 0; position: absolute; clip: rect(1px, 1px, 1px, 1px)}.nav-item-group:focus-within .sub-nav { clip: auto; position: relative}.nav-item-group.focus-within .sub-nav,.nav-item-group.active .sub-nav { clip: auto; position: relative}@media (min-width: 1200px) { .sub-nav { position:absolute; width: 40rem; left: -12.4rem; padding: 3.25rem 1rem 1rem; box-shadow: 0px 5px 20px -15px rgba(0,0,0,0.5),15px 10px 20px -25px rgba(0,0,0,0.5),-15px 10px 20px -25px rgba(0,0,0,0.5) } .sub-nav.sub-nav-align-right { left: auto; right: -1rem } .nav-item-group:focus-within .sub-nav { clip: auto; position: absolute } .nav-item-group.focus-within .sub-nav,.nav-item-group.active .sub-nav,.nav-item-group:hover .sub-nav { clip: auto; position: absolute }}.sub-nav-image { min-height: 13rem; position: relative; -ms-flex-positive: 1; flex-grow: 1; max-width: 10rem; background-size: cover; background-repeat: no-repeat}@media (max-width: 1199.98px) { .sub-nav-image { display:none }}.sub-nav-list { -ms-flex-positive: 1; flex-grow: 1; list-style: none; padding-left: 0; position: relative; margin-bottom: 0}@media (min-width: 1200px) { .sub-nav-list { border-top:5px solid #202020; padding-top: 1rem; margin-left: 1.4rem }}.sub-nav-list .nav-item { color: #414141}.sub-nav-list .nav-item:not(:last-child) { margin-bottom: 1rem}.nav-row-icon { -webkit-transform: rotate(-90deg); transform: rotate(-90deg); position: absolute; right: 13%}@media (min-width: 768px) { .nav-row-icon { right:1rem }}@media (min-width: 992px) { .nav-row-icon { right:3rem }}@media (min-width: 1200px) { .nav-row-icon { display:none }}.nav-row-icon svg * { fill: #414141}.nav-item-group:focus-within .nav-row-icon { -webkit-transform: rotate(0deg); transform: rotate(0deg)}.nav-item-group.focus-within .nav-row-icon,.nav-item-group.active .nav-row-icon { -webkit-transform: rotate(0deg); transform: rotate(0deg)}.search-control { border: none; background: none; padding: 0; display: -ms-flexbox; display: flex}@media (min-width: 1200px) { .search-control { display:none }}.search-form { display: -ms-flexbox; display: flex; margin-bottom: 0.25rem}@media (max-width: 1199.98px) { .search-form { display:none; background: white; position: fixed; top: 6.75rem; right: 0; width: 40vw; padding-top: 1.25rem; padding-right: 1.563rem; padding-bottom: 1.563rem; padding-left: 0.75rem; margin-bottom: 0 } .search-form.active { display: -ms-flexbox; display: flex }}@media (max-width: 991.98px) { .search-form { width:70vw; top: 3.5rem }}@media (max-width: 767.98px) { .search-form { width:100% }}@media (max-width: 1199.98px) { .search-form .form-inline { width:calc((100% - 1.312rem) - 1.125rem) }}.search-form .form-group { width: 100%; display: -ms-flexbox; display: flex; padding: 0; margin: 0}.search-form .form-group input { margin: 0; width: calc(100% - 3.375rem); height: 1.5rem; border: solid 1px #414141; border-right: 0; border-radius: 0; background-color: #ffffff; box-shadow: none; font-size: 0.7rem; font-weight: normal; letter-spacing: 0.41px; line-height: 1}@media (min-width: 992px) { .search-form .form-group input { width:calc(100% - 2.25rem) }}.search-form .form-group input::-webkit-input-placeholder { color: #717171}.search-form .form-group input::-ms-input-placeholder { color: #717171}.search-form .form-group input::placeholder { color: #717171}.search-form .form-group .btn { position: relative; border: 0; padding: 0; margin: 0 !important; width: 3.375rem; min-height: 0; height: 1.5rem; background: #414141; color: white; opacity: 1; font-size: 0.5rem; font-weight: bold; cursor: pointer}@media (min-width: 992px) { .search-form .form-group .btn { font-size:0; width: 2.25rem }}@media (min-width: 992px) { .search-form .form-group .btn::before { content:''; width: 1.813rem; height: 0.813rem; position: absolute; left: 50%; top: 50%; -webkit-transform: translate(-50%, -50%); transform: translate(-50%, -50%); background-image: url("data:image/svg+xml;base64,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"); background-repeat: no-repeat; background-position: center }}.search-form .close-control { border: none; background: none; padding: 0; display: -ms-flexbox; display: flex; margin-right: 1.125rem}@media (min-width: 1200px) { .search-form .close-control { display:none }}.sf-search-results .sf-media-body { margin-bottom: 1.5rem}footer { background-color: #202020; color: white; padding: 2.5rem 0}@media (min-width: 992px) { footer { margin-top:6rem; padding: 5rem 0 }}footer div { color: inherit}footer h3 { letter-spacing: 0.18em; font-size: 0.625rem; font-weight: 300; text-transform: uppercase; border-top: 1px solid white; margin-top: 2.3rem; padding-top: 2px; margin-bottom: 1.6em; line-height: 1.5}@media (min-width: 768px) { footer h3 { border-top:none; padding-top: 0; line-height: 1.3 }}@media (min-width: 992px) { footer h3 { margin-top:0; margin-bottom: 0.8em; font-size: 0.85rem }}footer ul { list-style: none; padding-left: 0}footer ul li { font-size: 0.625rem; line-height: 1.2; text-transform: uppercase; letter-spacing: 0.18em; font-weight: 500; margin-bottom: 1.6em}@media (min-width: 992px) { footer ul li { font-size:0.85rem; margin-bottom: 0.8em }}footer ul li a { color: inherit; line-height: inherit; font-size: inherit; text-decoration: none}footer ul li a:hover { color: inherit}footer .social-icon { padding: 0.25rem}footer .social-icon:hover { text-decoration: none}footer .social-icon img { width: 1.25rem}.tva-logo { display: block}.tva-logo img { width: 7.25rem}@media (min-width: 992px) { .tva-logo img { width:12rem }}.section-hero { display: -ms-flexbox; display: flex; -ms-flex-direction: column; flex-direction: column; -ms-flex-pack: center; justify-content: center; min-height: 125vw; margin-top: 3.5rem; margin-bottom: 3.5rem; background-size: cover; background-position: center; overflow: hidden; position: relative}.section-hero.cat-env .section-hero-overlay:after { background-color: #6A9033}.section-hero.cat-energy .section-hero-overlay:after { background-color: #E56027}.section-hero.cat-econ .section-hero-overlay:after { background-color: #2C9199}.section-hero.cat-about .section-hero-overlay:after { background-color: #447DAE}.section-hero.cat-kidswhat .section-hero-overlay:after { background-color: #004b85}.section-hero.cat-kidselec .section-hero-overlay:after { background-color: #e43c31}.section-hero.cat-kidsenv .section-hero-overlay:after { background-color: #7fbd42}.section-hero.cat-kidsriv .section-hero-overlay:after { background-color: #29afca}.section-hero.cat-kidshis .section-hero-overlay:after { background-color: #ffc428}.section-hero.cat-kidsres .section-hero-overlay:after { background-color: #004b85}@media (min-width: 576px) { .section-hero { min-height:55vw; margin-top: 2.75rem; margin-bottom: 2.75rem; padding: 4rem 1.5rem 2rem }}@media (min-width: 1200px) { .section-hero { min-height:40vw; margin-top: 3rem; margin-bottom: 3rem }}.section-hero .section-hero-overlay { display: inline-block}.section-hero .section-hero-overlay::after { width: 100vw; height: 800px; -webkit-transform: translate(0, -50%); transform: translate(0, -50%); position: absolute; content: ''; top: 50%; left: 0; mix-blend-mode: multiply}@media (min-width: 768px) { .section-hero .section-hero-overlay { position:relative } .section-hero .section-hero-overlay::after { -webkit-transform: translate(0, -50%) skew(-20deg); transform: translate(0, -50%) skew(-20deg); right: -100px; left: auto }}.section-hero a { text-decoration: none}.section-hero a:hover { text-decoration: none}.section-hero h3 { color: white; font-size: 3.7rem; letter-spacing: -0.03em; font-weight: 700; line-height: 0.85; display: inline-block; margin-bottom: 0.15em; position: relative; z-index: 1}@media (min-width: 768px) { .section-hero h3 { font-size:5.5rem }}@media (min-width: 1200px) { .section-hero h3 { font-size:9rem }}.section-hero p { color: white; width: 15rem; font-size: 1.2rem; letter-spacing: 0.015em; font-weight: 400; line-height: 1.15; position: relative; z-index: 1}@media (min-width: 1200px) { .section-hero p { font-size:1.7rem; width: 20rem }}.slick-arrow { font-size: 0; line-height: 0; position: absolute; display: block; width: 20px; height: 20px; padding: 0; cursor: pointer; color: transparent; border: none; outline: none; background: transparent; z-index: 1}.slick-arrow::before { display: inline-block; width: 0.875rem}.slick-dots { position: absolute; display: block; width: 100%; padding: 0; margin: 0; list-style: none; text-align: center}.slick-dots li { position: relative; display: inline-block; width: 20px; height: 20px; padding: 0; margin: 0 2px; cursor: pointer}.slick-dots li button { font-size: 0; line-height: 0; display: block; width: 20px; height: 20px; padding: 5px; cursor: pointer; color: transparent; border: 0; outline: none; background: transparent}.slick-dots li button::before { font-size: 40px; line-height: 20px; position: absolute; top: 0; left: 0; width: 20px; height: 20px; content: "•"; text-align: center; -webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale}.hero-carousel { margin-bottom: 0.75rem}.hero-carousel .slick-slider.slick-dotted { margin-bottom: 0}.hero-carousel .slick-dots { bottom: 10px}@media (min-width: 768px) { .hero-carousel .slick-dots { bottom:20px }}.hero-carousel .slick-dots li button::before { color: #f8f8f8; opacity: 0.65}.hero-carousel .slick-dots li.slick-active button::before { color: #f8f8f8; opacity: 1}.hero-carousel .slick-track { display: -ms-flexbox; display: flex}.hero-carousel .slick-slide { height: auto}.hero-carousel .slick-slide:not(.slick-current) { cursor: pointer}.hero-carousel .slick-slide:focus { outline: 0 !important}.hero-carousel .section-hero { margin-top: 0; margin-bottom: 0; height: 100%}@media (min-width: 768px) { .hero-carousel .section-hero { border-left:6px solid white; border-right: 6px solid white }}.hero-carousel-inner div:not(:first-child) { display: none}.hero-carousel-inner.slick-initialized div:not(:first-child) { display: block}.resources-carousel { margin-bottom: 10rem; margin-top: 3.5rem}@media (min-width: 768px) { .resources-carousel { margin-top:2.75rem }}@media (min-width: 1200px) { .resources-carousel { margin-top:3rem }}.resources-carousel h2 { font-size: 1.75rem; font-weight: 500; line-height: 1; width: 7em; border: none; margin-top: 0; padding-top: 0; margin-bottom: 2rem}@media (min-width: 992px) { .resources-carousel h2 { font-size:2.15rem }}.resources-carousel .slick-dots { bottom: -5rem}.resources-carousel .slick-dots li button::before { color: #9f9f9f; opacity: 1}.resources-carousel .slick-dots li.slick-active button::before { color: #414141; opacity: 1}.resources-carousel .slick-arrow { bottom: -5rem}.resources-carousel .slick-prev { left: 0}.resources-carousel .slick-prev::before { content: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 10 14'%3E%3Cpath d='M10 0L0 7l10 7v-3.4310306L4.90071577 7 10 3.42944507z' fill='%23414141' fill-rule='nonzero'/%3E%3C/svg%3E%0A")}.resources-carousel .slick-next { right: 0}.resources-carousel .slick-next::before { content: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 7 10'%3E%3Cpath d='M0 0l6.97451995 4.88216397L0 9.76432793V7.37134881l3.55650596-2.48918484L0 2.39187331z' fill='%23414141' fill-rule='nonzero'/%3E%3C/svg%3E%0A")}.resources-carousel-inner { display: none}.resources-carousel-inner.slick-initialized { display: block}.resources-carousel-item { margin-left: 5px; margin-right: 5px}.resources-carousel-item img { width: 100%}.resources-carousel-item a { display: block; text-decoration: none; margin-top: 2.5rem}.resources-carousel-item a::before { border-top: 5px solid; content: ""; display: block; -webkit-transform-origin: top; transform-origin: top; transition: -webkit-transform 0.2s; transition: transform 0.2s; transition: transform 0.2s, -webkit-transform 0.2s}.resources-carousel-item a:hover,.resources-carousel-item a:focus { color: #717171}.resources-carousel-item a:hover::before,.resources-carousel-item a:focus::before { -webkit-transform: scaleY(1.8); transform: scaleY(1.8)}.resources-carousel-item h3 { font-size: 1.75rem; font-weight: 500; line-height: 1; margin-top: 0; margin-bottom: 0; padding-top: 0.25em; padding-bottom: 0.25em}@media (min-width: 992px) { .resources-carousel-item h3 { font-size:2.15rem }}.resources-carousel-item.cat-env a::before { border-color: #6A9033}.resources-carousel-item.cat-energy a::before { border-color: #E56027}.resources-carousel-item.cat-econ a::before { border-color: #2C9199}.resources-carousel-item.cat-about a::before { border-color: #447DAE}.resources-carousel-item.cat-kidswhat a::before { border-color: #004b85}.resources-carousel-item.cat-kidselec a::before { border-color: #e43c31}.resources-carousel-item.cat-kidsenv a::before { border-color: #7fbd42}.resources-carousel-item.cat-kidsriv a::before { border-color: #29afca}.resources-carousel-item.cat-kidshis a::before { border-color: #ffc428}.resources-carousel-item.cat-kidsres a::before { border-color: #004b85}.home-content,.home-resources { margin-bottom: 2rem}.home-content h3,.home-content h4,.home-resources h3,.home-resources h4 { font-size: 1.75rem; font-weight: 500; line-height: 1; margin-top: 0; margin-bottom: 0; padding-top: 0.25em; padding-bottom: 0.25em}@media (min-width: 992px) { .home-content h3,.home-content h4,.home-resources h3,.home-resources h4 { font-size:2.15rem }}.home-content.cat-env a::before { border-color: #6A9033}.home-content.cat-energy a::before { border-color: #E56027}.home-content.cat-econ a::before { border-color: #2C9199}.home-content.cat-about a::before { border-color: #447DAE}.home-content.cat-kidswhat a::before { border-color: #004b85}.home-content.cat-kidselec a::before { border-color: #e43c31}.home-content.cat-kidsenv a::before { border-color: #7fbd42}.home-content.cat-kidsriv a::before { border-color: #29afca}.home-content.cat-kidshis a::before { border-color: #ffc428}.home-content.cat-kidsres a::before { border-color: #004b85}@media (min-width: 992px) { .home-content { min-height:13rem }}.home-content a { display: block; text-decoration: none}.home-content a::before { border-top: 5px solid; content: ''; display: block; -webkit-transform-origin: top; transform-origin: top; transition: -webkit-transform 0.2s; transition: transform 0.2s; transition: transform 0.2s, -webkit-transform 0.2s}.home-content a:hover,.home-content a:focus { color: #717171}.home-content a:hover::before,.home-content a:focus::before { -webkit-transform: scaleY(1.8); transform: scaleY(1.8)}.home-content p { max-width: 16.7em; letter-spacing: 0.03em; font-weight: 400}@media (min-width: 992px) { .home-content p { margin-right:1em }}.home-resources h4 { margin-bottom: 1rem; border-top: 5px solid}.home-resources.cat-env h4 { border-color: #6A9033}.home-resources.cat-energy h4 { border-color: #E56027}.home-resources.cat-econ h4 { border-color: #2C9199}.home-resources.cat-about h4 { border-color: #447DAE}.home-resources.cat-kidswhat h4 { border-color: #004b85}.home-resources.cat-kidselec h4 { border-color: #e43c31}.home-resources.cat-kidsenv h4 { border-color: #7fbd42}.home-resources.cat-kidsriv h4 { border-color: #29afca}.home-resources.cat-kidshis h4 { border-color: #ffc428}.home-resources.cat-kidsres h4 { border-color: #004b85}.home-resources p { font-weight: 500; margin-bottom: 0.75em}@media (min-width: 992px) { .home-resources p { font-size:1.2rem }}.home-resources a { display: block; text-decoration: none}.home-resources a::after { content: '\2060'; background-image: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 7 10'%3E%3Cpath d='M0 0l6.97451995 4.88216397L0 9.76432793V7.37134881l3.55650596-2.48918484L0 2.39187331z' fill='%23000' fill-rule='nonzero'/%3E%3C/svg%3E%0A"); padding-left: 0.5em; margin-left: 0.75em; background-repeat: no-repeat; background-size: contain; background-position: center; vertical-align: middle}.home-resources a:hover,.home-resources a:focus { color: #717171}.home-resources a:hover::after,.home-resources a:focus::after { background-image: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 7 10'%3E%3Cpath d='M0 0l6.97451995 4.88216397L0 9.76432793V7.37134881l3.55650596-2.48918484L0 2.39187331z' fill='%23717171' fill-rule='nonzero'/%3E%3C/svg%3E%0A")}.bg-img-block { padding: 4.5rem 0; background-size: cover; background-position: left center; margin-bottom: 0.75rem}@media (min-width: 992px) { .bg-img-block { padding:3.4rem 0.5rem; min-height: 18.6rem; height: 100% }}.bg-img-block h3 { font-size: 1.375rem; font-weight: 700; line-height: 1; margin-bottom: 0.75em; color: white}@media (min-width: 992px) { .bg-img-block h3 { font-size:2.1rem; min-height: 2em; max-width: 50%; margin-bottom: 1.5em }}.bg-img-block p { font-weight: 500; max-width: 10rem; color: white}@media (min-width: 992px) { .bg-img-block p { font-size:1.3rem }}.bg-img-block a { display: block; text-decoration: none}.bg-img-block a::after { content: '\2060'; background-image: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 7 10'%3E%3Cpath d='M0 0l6.97451995 4.88216397L0 9.76432793V7.37134881l3.55650596-2.48918484L0 2.39187331z' fill='%23fff' fill-rule='nonzero'/%3E%3C/svg%3E%0A"); padding-left: 0.5em; margin-left: 0.75em; background-repeat: no-repeat; background-size: contain; background-position: center; vertical-align: middle}.bg-img-block a:hover,.bg-img-block a:focus { color: #ddd}.bg-img-block a:hover::after,.bg-img-block a:focus::after { background-image: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 7 10'%3E%3Cpath d='M0 0l6.97451995 4.88216397L0 9.76432793V7.37134881l3.55650596-2.48918484L0 2.39187331z' fill='%23ddd' fill-rule='nonzero'/%3E%3C/svg%3E%0A")}[class*="hover-swap-img"] { display: none}[class*="hover-swap-img"]:first-child { display: block}[class*="hover-swap-area"] { position: relative}@media (max-width: 767.98px) { [class*="hover-swap-area"] { display:none }}[class*="hover-swap-area"] [class*="hover-swap-img"] { display: block; position: absolute; top: 0; left: 0}[class*="hover-swap-area"] [class*="hover-swap-img"]:first-child { z-index: 1; position: relative}[class*="hover-swap-area"] [class*="hover-swap-img"].active { z-index: 2}.breadcrumb { padding: 0; text-transform: uppercase; font-weight: 500; font-size: 0.75rem; letter-spacing: 0.125em; margin-bottom: 1.5rem}.breadcrumb::before { content: 'You are here: '; padding-right: 0.5rem}.breadcrumb li,.breadcrumb li a,.breadcrumb li.active { font-size: inherit; color: inherit; line-height: inherit}.breadcrumb a { text-decoration: none}.breadcrumb a:hover,.breadcrumb a:focus { text-decoration: underline}.lead { border-top: 5px solid; font-size: 1.25rem; font-weight: 500; line-height: 1.5; padding-top: 0.5rem; margin-bottom: 1rem}.page-category-env .lead { border-color: #6a9033}.page-category-energy .lead { border-color: #e56027}.page-category-econ .lead { border-color: #2c9199}.page-category-about .lead { border-color: #447dae}.page-category-kidswhat .lead { border-color: #004b85}.page-category-kidselec .lead { border-color: #e43c31}.page-category-kidsenv .lead { border-color: #7fbd42}.page-category-kidsriv .lead { border-color: #29afca}.page-category-kidshis .lead { border-color: #ffc428}.page-category-kidsres .lead { border-color: #004b85}.card .card-img-top { border-radius: 0}.card .card-body { padding-left: 0; padding-right: 0}.card .card-body .card-title { font-size: 2.15rem; font-weight: 500; line-height: 1; color: inherit; margin-top: 1rem; padding-top: 0.25em; margin-bottom: 0.25em; border-top: 5px solid}.page-category-env .card .card-body .card-title { border-color: #6a9033}.page-category-energy .card .card-body .card-title { border-color: #e56027}.page-category-econ .card .card-body .card-title { border-color: #2c9199}.page-category-about .card .card-body .card-title { border-color: #447dae}.page-category-kidswhat .card .card-body .card-title { border-color: #004b85}.page-category-kidselec .card .card-body .card-title { border-color: #e43c31}.page-category-kidsenv .card .card-body .card-title { border-color: #7fbd42}.page-category-kidsriv .card .card-body .card-title { border-color: #29afca}.page-category-kidshis .card .card-body .card-title { border-color: #ffc428}.page-category-kidsres .card .card-body .card-title { border-color: #004b85}.card .card-body a.btn.btn-primary { color: inherit; font-weight: 400; text-transform: none; letter-spacing: 0.02em; display: inline; font-size: inherit}.form-control { border: 1px solid black; border-radius: 0; text-transform: uppercase; font-size: 0.75rem; font-weight: 500; letter-spacing: 0.125em; height: 2.5rem; box-shadow: none}.btn { background-color: transparent; border-radius: 0; text-transform: uppercase; font-size: 0.75rem; font-weight: 500; letter-spacing: 0.125em; min-height: 2.5rem; padding: 0.6rem 2.5rem}.btn.btn-primary { color: black; background-color: white; border: 1px solid black}.btn.btn-link { color: inherit}.main-body .col,.main-body [class*="col-"] { margin-bottom: 3.5rem}.main-body h2:not(:first-child) { margin-top: 3.5rem}.main-body h3:not(:first-child),.main-body h4:not(:first-child),.main-body h5:not(:first-child),.main-body h6:not(:first-child) { margin-top: 2.5rem}.sidebar h3 { border-top: 1px solid; padding-top: 0.2em}.page-category-env .sidebar h3 { border-color: #6a9033}.page-category-energy .sidebar h3 { border-color: #e56027}.page-category-econ .sidebar h3 { border-color: #2c9199}.page-category-about .sidebar h3 { border-color: #447dae}.page-category-kidswhat .sidebar h3 { border-color: #004b85}.page-category-kidselec .sidebar h3 { border-color: #e43c31}.page-category-kidsenv .sidebar h3 { border-color: #7fbd42}.page-category-kidsriv .sidebar h3 { border-color: #29afca}.page-category-kidshis .sidebar h3 { border-color: #ffc428}.page-category-kidsres .sidebar h3 { border-color: #004b85}.sidebar h2,.sidebar h3,.sidebar h4,.sidebar h5,.sidebar h6 { margin-top: 2.5rem}.sidebar>div:first-child h2:first-child,.sidebar>div:first-child h3:first-child,.sidebar>div:first-child h4:first-child,.sidebar>div:first-child h5:first-child,.sidebar>div:first-child h6:first-child { margin-top: 0}.main-body+.sidebar { padding-left: 0}#mc_embed_signup { margin-bottom: 2.5rem}#mce-EMAIL { border: none; box-shadow: none; border-bottom: 1px solid black; border-radius: 0; padding: 0; width: 100%; height: auto}#mc-embedded-subscribe { border: none; background: none; color: black; font-weight: 500; padding: 0}.table { margin-top: 1.5rem; margin-bottom: 1.5rem}.table td,.table th { padding: 1rem; border: none}.table td:first-child,.table th:first-child { padding-left: 0.4rem}.table td:last-child,.table th:last-child { padding-right: 0.4rem}.table thead th { vertical-align: top; border: none; font-size: 1.25rem; height: 5.75rem}.table th { border-top: 1px solid}.page-category-env .table th { border-color: #6a9033}.page-category-energy .table th { border-color: #e56027}.page-category-econ .table th { border-color: #2c9199}.page-category-about .table th { border-color: #447dae}.page-category-kidswhat .table th { border-color: #004b85}.page-category-kidselec .table th { border-color: #e43c31}.page-category-kidsenv .table th { border-color: #7fbd42}.page-category-kidsriv .table th { border-color: #29afca}.page-category-kidshis .table th { border-color: #ffc428}.page-category-kidsres .table th { border-color: #004b85}.table tbody tr { height: 4.25rem}.table tr { border-top: 1px solid}.page-category-env .table tr { border-color: rgba(106,144,51,0.5)}.page-category-energy .table tr { border-color: rgba(229,96,39,0.5)}.page-category-econ .table tr { border-color: rgba(44,145,153,0.5)}.page-category-about .table tr { border-color: rgba(68,125,174,0.5)}.page-category-kidswhat .table tr { border-color: rgba(0,75,133,0.5)}.page-category-kidselec .table tr { border-color: rgba(228,60,49,0.5)}.page-category-kidsenv .table tr { border-color: rgba(127,189,66,0.5)}.page-category-kidsriv .table tr { border-color: rgba(41,175,202,0.5)}.page-category-kidshis .table tr { border-color: rgba(255,196,40,0.5)}.page-category-kidsres .table tr { border-color: rgba(0,75,133,0.5)}.table-striped tbody tr { border: none}.page-category-env .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(106,144,51,0.27)}.page-category-energy .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(229,96,39,0.27)}.page-category-econ .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(44,145,153,0.27)}.page-category-about .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(68,125,174,0.27)}.page-category-kidswhat .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(0,75,133,0.27)}.page-category-kidselec .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(228,60,49,0.27)}.page-category-kidsenv .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(127,189,66,0.27)}.page-category-kidsriv .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(41,175,202,0.27)}.page-category-kidshis .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(255,196,40,0.27)}.page-category-kidsres .table-striped tbody tr:nth-of-type(2n+1) { background-color: rgba(0,75,133,0.27)}.accordion { margin-top: 2rem; margin-bottom: 2rem}.accordion h2 { font-size: 1.25rem; border-top: 0; padding-top: 0}.accordion .btn { position: relative; width: 100%; text-align: left; padding: 0; text-transform: none; font-size: inherit; font-weight: inherit; letter-spacing: inherit; min-height: 0}.accordion .btn.btn-link::after { content: ''; position: absolute; right: 0; top: 50%; -webkit-transform: translateY(-50%) rotate(-178deg); transform: translateY(-50%) rotate(-178deg); width: 10px; height: 10px; background-image: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' width='20px' height='20px' viewBox='0 0 7 6'%3E%3Cg id='Page-1' stroke='none' stroke-width='1' fill='none' fill-rule='evenodd' %3E%3Cg id='Mobile-Copy-2' transform='translate(-300.000000, -84.000000)' fill='%23414141' fill-rule='nonzero' %3E%3Cg id='Nav2_2' transform='translate(0.000000, 56.000000)' %3E%3Cpolygon id='Path' transform='translate(303.500000, 31.000000) scale(-1, 1) rotate(90.000000) translate(-303.500000, -31.000000) ' points='301 28 306 31 301 34 301 32.5295583 303.549642 31 301 29.4697622' %3E%3C/polygon%3E%3C/g%3E%3C/g%3E%3C/g%3E%3C/svg%3E"); background-size: 10px 10px; background-repeat: no-repeat; background-position: center}.accordion .btn.collapsed::after { content: ''; -webkit-transform: translateY(-50%) rotate(0deg); transform: translateY(-50%) rotate(0deg)}.accordion .card .card-body { padding-left: 1.25rem; padding-right: 1.25rem}.accordion .card .card-body p { margin-bottom: 1rem}.page-category-env .kids-title { color: #6a9033}.page-category-energy .kids-title { color: #e56027}.page-category-econ .kids-title { color: #2c9199}.page-category-about .kids-title { color: #447dae}.page-category-kidswhat .kids-title { color: #004b85}.page-category-kidselec .kids-title { color: #e43c31}.page-category-kidsenv .kids-title { color: #7fbd42}.page-category-kidsriv .kids-title { color: #29afca}.page-category-kidshis .kids-title { color: #ffc428}.page-category-kidsres .kids-title { color: #004b85}.full-bleed { width: 100vw; max-width: none; margin-left: -12px}@media (min-width: 576px) { .full-bleed { margin-left:calc(-50vw + 270px - 12px) }}@media (min-width: 768px) { .full-bleed { margin-left:calc(-50vw + 360px - 12px) }}@media (min-width: 992px) { .full-bleed { margin-left:calc(-50vw + 480px - 12px) }}@media (min-width: 1200px) { .full-bleed { margin-left:calc(-50vw + 570px - 12px) }}.full-bleed-left { max-width: none}@media (min-width: 768px) { .full-bleed-left { 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TVA Reports Strong First Quarter Financial Performance

Jan 31, 2017

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Release Summary

KNOXVILLE, Tenn. ― The Tennessee Valley Authority continued strong performance in first quarter of fiscal year 2017 after reporting the highest net income in its history for fiscal year 2016. TVA reported net income of $102 million for the quarter ended Dec. 31, 2016, up $139 million from the same period in the prior year, on higher sales of electricity.

Sales in the first quarter of fiscal year 2017 were up 2.3 billion kilowatt-hours, or 7 percent, over the same period in 2016. The Tennessee Valley has experienced more normal weather so far this year, resulting in the higher sales. Last year, the Valley experienced some of the mildest temperatures in over five decades during the same time period.

Revenues increased almost 12 percent, or $266 million, for the first quarter, compared to first quarter fiscal year 2016.  The higher revenues helped generate net positive income in the first quarter, versus a loss in the same period last year.

Total operating expenses were up by $65 million, or about 3 percent, from the same period in 2016. The higher operating expenses were mainly driven by fuel costs that were about $88 million higher.

“Unlike last year, when we had an abundance of rainfall, the extended drought conditions that carried over from summer limited power production from TVA’s dams. This resulted in increased use of higher cost generation sources and higher fuel prices,” TVA President and CEO Bill Johnson said. “So, while the energy costs of producing electricity were not as favorable, the higher revenues, along with the efficiencies we’ve been able to build into the business, helped us improve the bottom line.”

Non-fuel operating and maintenance costs were relatively flat to that of the same period in the prior year.

“TVA is off-setting inflation and other cost pressures with efficiencies, and maintaining our cost-savings momentum,” said TVA Chief Financial Officer John Thomas. “Even with the increased power demand, TVA’s non-fuel operating costs were lower, helping us keep power rates low.”

TVA has reduced operations and maintenance expense by a sustainable $800 million over the past several years, which has helped the bottom line and also resulted in lower power rates. According to Johnson, the additional income will go right back into the TVA power system.

Nearly $3 billion is being invested in the power system across environmental, regulatory, capacity expansion and maintenance projects in 2017. Several of the projects will provide TVA with more flexibility in meeting power demand in the future. These include the Paradise combined-cycle natural gas facility in Kentucky, and the Allen gas plant in Memphis.

In addition, emission controls at Gallatin Fossil Plant near Nashville and the Shawnee Fossil Plant in Kentucky are on schedule and budget. Both should be completed in the fall timeframe.

TVA is also transforming all of its ash and gypsum ponds to dry storage over an eight to 10-year period as well as investing in its transmission system to maintain its reliable delivery. For 17 consecutive years, TVA has achieved 99.999 percent reliability in delivering power to its customers.

TVA executive management will host a conference call to discuss first quarter fiscal year 2017 results at 9:30 a.m. EST, on Tuesday, Jan. 31, 2017. The conference call can be accessed from TVA’s website via webcast, at tva.com, on the Investor Relations home page. For quicker access to the live conference call, please pre-register through TVA’s website before the scheduled start time, and follow the instructions provided. Once pre-registered, the dial-in number will be provided via email. If you are unable to pre-register, you may access the conference call by dialing toll free (866) 777-2509 in the United States, or (412) 317-5413 outside the United States.

A replay will be available one hour after the end of the conference call until 9:30 a.m. EST, Jan. 31, 2018, by calling toll free (877) 344-7529 in the United States or (412) 317-0088 outside the United States and using the conference number 10094972. A webcast replay and transcript will also be available for one year on TVA’s website at tva.com/investors.

TVA’s quarterly report on Form 10-Q provides additional financial, operational and descriptive information, including unaudited financial statements for the quarter ended Dec. 31, 2016. TVA’s quarterly report and other SEC reports are available without charge on TVA’s website at tva.com/investors, on the SEC’s website at sec.gov or by calling TVA toll free at (888) 882-4975.

This release may contain forward-looking statements relating to future events and future performance. Although TVA believes that the assumptions underlying these statements are reasonable, numerous factors could cause actual results to differ materially from those in the forward-looking statements. Please refer to TVA’s most recent annual report on Form 10-K and quarterly report on Form 10-Q for a discussion of factors that could cause actual results to differ from those in the forward-looking statements.

The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity.  In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.

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