EXHIBIT 10.9

This Amendment to the Selling Agent Agreement (this “Amendment”) has been filed
to provide investors with information regarding its terms. It is not intended to
provide any other factual information about the Tennessee Valley Authority. The
representations and warranties of the parties in this Amendment were made to,
and solely for the benefit of, the other parties to this Amendment. The
assertions embodied in the representations and warranties may be qualified by
information included in schedules, exhibits, or other materials exchanged by the
parties that may modify or create exceptions to the representations and
warranties. Accordingly, investors should not rely on the representations and
warranties as characterizations of the actual state of facts at the time they
were made or otherwise.

August 28, 2015

To the Agents listed
on the signature page hereto.

Reference is hereby made to that certain Selling Agent Agreement by and among
Tennessee Valley Authority (the “Company”) and the Agents named therein (the
“Agents”) dated as of June 1, 2006, and amended as of December 4, 2013 (as
amended, the “Selling Agent Agreement”) pursuant to which the Company proposes
to issue and sell electronotes® from time to time in an amount not to exceed
$3,000,000,000 outstanding at any one time (the “Bonds”). The parties wish to
amend the Selling Agent Agreement as provided herein (this “Amendment”).
Now therefore, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereby
agree as follows:
1.    Defined Terms. Capitalized terms used but not defined herein shall have
the meanings ascribed to such terms in the Selling Agent Agreement.

2.    Amendments.

(a)
The addressees of the Selling Agent Agreement are hereby amended as follows:

“FTN Financial Securities Corp.” is changed to “FTN Financial Capital Markets”.

“Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York,
NY 10036” is deleted.

“Edward D. Jones & Co., L.P., 12555 Manchester Road, St. Louis, Missouri 63131”
is deleted.
(b)
Section II(b) is amended by changing “Ralph E. Rodgers, Esq., Executive Vice
President and General Counsel for the Company, or Michael L. Wills, Assistant
General Counsel, Finance, for the Company” to “the General Counsel for the
Company, or a duly authorized delegate of the General Counsel”.

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(c) Section III(h) is deleted in its entirety.

(d) Section III(i) is deleted in its entirety and replaced by the following:

As soon as practicable after September 30 of each fiscal year during which the
Company issues Bonds pursuant to this Agreement (each, an “Annual Bring Down
Date”), to deliver, or cause to be delivered, to each of the Agents (i) an
opinion of the General Counsel or a duly authorized delegate of the General
Counsel, dated as of the applicable Annual Bring Down Date, to the effect set
forth in Section II(b) and (ii) the letter of the independent accountant, dated
as of the applicable Annual Bring Down Date, to the effect set forth in Section
II(c), provided, however, that the obligation to deliver the letter of the
independent accountant is contingent upon each Agent’s providing the Company
with a representation letter that is satisfactory to the independent accountant.
As soon as practicable after March 31 and September 30 of each fiscal year
during which the Company issues Bonds pursuant to this Agreement (each, a
“Semi-Annual Bring Down Date”), to deliver, or cause to be delivered, to each of
the Agents a certificate of the Company, dated as of the applicable Semi-Annual
Bring Down Date, to the effect that the representations and warranties of the
Company in this Agreement are true and correct. To the extent appropriate, such
opinion, letters, and certificates may reconfirm matters set forth in prior
opinions, letters, and certificates, with such changes as may be necessary to
reflect changes in the financial statements and other information derived from
the accounting records of the Company.
(e) Section V(j) is deleted in its entirety.
(3)    Selling Agent Agreement Ratified. Except as expressly amended hereby, the
Selling Agent Agreement is in all respects ratified and confirmed, and all the
terms, conditions, and provisions thereof shall remain in full force and effect.

(4)    Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns.

(5)    Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original,
and all of such counterparts shall together constitute one and the same
instrument.

(6)    Governing Law. This Agreement shall be governed by and construed in
accordance with the substantive laws of the State of New York. Each party to
this Agreement irrevocably agrees that any legal action or proceeding against it
arising out of or in connection with this Agreement or for recognition or
enforcement of any judgment rendered against it in connection with this
Agreement may be brought in any federal court sitting in the County of New York,
New York, and, by execution and delivery of this Agreement, such party hereby
irrevocably accepts and submits to the jurisdiction of the aforesaid courts in
person, generally and unconditionally with respect to any such action or
proceeding for itself and in respect of its property, assets, and revenues. Each
party hereby also irrevocably waives, to the fullest extent permitted by law,
any objection which it may now or hereafter have to the laying of venue of any
such action or proceeding brought in any such court and any claim that any such
action or proceeding has been brought in an inconvenient forum.

(2)

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If the foregoing is in accordance with your understanding, please sign and
return to us a counterpart hereof, and upon acceptance hereof by you, this
letter and such acceptance hereof shall constitute a binding agreement between
the Company and you.
Very truly yours,
 
 
 
TENNESSEE VALLEY AUTHORITY
 
 
 
 
 
 
By:
/s/ Tammy W. Wilson
 
 
 
Name: Tammy W. Wilson
 
 
 
Title: Vice President and Treasurer

[Signature Page to Second Amendment to Selling Agent Agreement]

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Confirmed and accepted
as of the date first above written:

 
INCAPITAL LLC
 
 
By:
/s/ Christopher O'Connor
 
Name: Christopher O'Connor
 
Title: Managing Director

200 South Wacker Drive
Suite 3700
Chicago, Illinois 60606
Attention: Head of Debt Capital Markets
Telephone: (312) 379-3700
Telecopier: (312) 379-3701

[Signature Page to Second Amendment to Selling Agent Agreement]

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CITIGROUP GLOBAL MARKETS INC.
 
 
By:
/s/ Adam D. Bordner
 
Name: Adam D. Bordner
 
Title: Vice President

388 Greenwich Street
New York, New York 10013
Attention: Transaction Execution Group
Facsimile: (646) 291-5209
E-Mail: TEG.NewYork@citi.com

[Signature Page to Second Amendment to Selling Agent Agreement]

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FTN FINANCIAL CAPITAL MARKETS
 
 
By:
/s/ Alan Gates
 
Name: Alan Gates
 
Title: Senior Vice President, Agency Trading

845 Crossover Lane, Suite 150
Memphis, Tennessee 38117
Attention: Alan Gates
Facsimile: 901-435-8000
E-Mail: alan.gates@ftnfinancial.com

[Signature Page to Second Amendment to Selling Agent Agreement]

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J.J.B. HILLIARD, W.L. LYONS LLC
 
 
By:
/s/ Donald E. Merrifield
 
Name: Donald E. Merrifield
 
Title: Senior Vice President

500 West Jefferson Street
8th Floor
Louisville, KY 40202
Attn: Don Merrifield
Facsimile: 502-588-1215
E-Mail: dmerrifield@hilliard.com

[Signature Page to Second Amendment to Selling Agent Agreement]

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MORGAN STANLEY & CO. LLC
 
 
By:
/s/ Yurij Slyz
 
Name: Yurij Slyz
 
Title: Executive Director

1585 Broadway, 4th Floor
New York, New York 10036
Attention: Financing Services Group
Telecopier: 646-202-9159

[Signature Page to Second Amendment to Selling Agent Agreement]

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WELLS FARGO ADVISORS, LLC
 
 
By:
/s/ Kristin Maher
 
Name: Kristin Maher
 
Title: Senior Vice President

Wells Fargo Advisors, LLC
One North Jefferson
St. Louis, Missouri 63103
Attention: Julie Perniciaro
Facsimile: 314-875-8853
E-Mail: Julie.perniciaro1@wfadvisors.com

[Signature Page to Second Amendment to Selling Agent Agreement]