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GOVERNOR UNVEILS BOLD PLAN TO REDUCE STATE DEBT BY $4.7 BILLION Governor Unveils Bold Plan To Reduce State Debt By $4.7 Billion Five-Year Plan Includes First Cut in 18 Years; Under pressure, TVA unveils plan to reduce its debt Mail this page. Under pressure, TVA unveils plan to reduce its debt By DUNCAN MANSFIELD Associated Press KNOXVILLE, Tenn. RCN Files Consensual Plan of Reorganization to Reduce Debt by $1.2 RCN Files Consensual Plan of Reorganization to Reduce Debt by $1.2 Billion; Plans to Emerge in Fourth Quarter 2004 as Expected Money 2000 - Creating A Plan Of Action To Reduce Debt ONEY 2020 TM Creating A Plan Of Action To Reduce Debt. There are few people who can make a big change without restructuring their lives. 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