A bill to amend section 15d of the Tennessee Valley Authority Act of 1933 to provide that expenditures for pollution control facilities will be credited against required power investment return payments and repayments.

Amends the Tennessee Valley Authority Act to allow credits against required power investment return payments for expenditures for certified pollution control facilities. Requires that pollution control facilities be certified by the Administrator of the Environmental Protection Agency as being in compliance with applicable air and water quality standards.