Audit: TVA overbilled by financial advisers

CHATTANOOGA, Tenn. — An audit shows the financial management firm Deloitte Consulting overbilled the Tennessee Valley Authority by $4.8 million from 2003 through 2008. The audit by the TVA’s Office of Inspector General describes the overbilling, much of it involving overtime, as “unsupported or not in accordance” with contracts that were reviewed. Deloitte spokesman David [...] [...]