The Tennessee Valley Authority (TVA) is a federally owned corporation established by the U.S. Congress in 1933 to provide navigation, flood control, electricity generation and economic development across the Tennessee Valley region. Headquartered in Knoxville, Tennessee, TVA serves nearly 10 million people in parts of seven southeastern states, including Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia. Over the decades, the authority has played a pivotal role in modernizing an economically distressed region by bringing affordable and reliable power to rural and urban communities alike.
TVA maintains a diverse generation portfolio that includes nuclear, hydroelectric, natural gas, coal and renewable energy sources. The utility operates multiple nuclear plants, a network of dams and reservoirs for flood control and navigation, and an expanding slate of solar and wind projects. This diversified approach allows TVA to balance cost, reliability and environmental stewardship as it strives to meet growing demand and state renewable energy goals. Maintenance and modernization of the grid and generation assets remain central to TVA’s long-term strategy.
In addition to its power business, TVA engages in regional economic development initiatives such as workforce training, infrastructure grants and community partnerships designed to attract and retain industry. The authority’s integrated approach aims to foster job creation, enhance competitiveness and support quality-of-life improvements throughout the service territory. TVA also collaborates with local power distributors, municipal utilities and electric cooperatives to coordinate system reliability and emergency response efforts.
Leadership at TVA is overseen by Chief Executive Officer Jeff Lyash, who joined the organization in 2018, and a board of directors appointed by the President of the United States and confirmed by the Senate. The board guides policy and strategic direction as TVA invests in grid modernization, renewable energy integration and resilient infrastructure. Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) represents a series of parity revenue bonds due in 2029, offering investors exposure to the authority’s electric power revenue stream that supports ongoing capital programs and operational needs.
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