Tennessee Valley Authority (TVA) was established in 1933 and is headquartered in Knoxville, Tennessee. As a federally owned corporation, its primary purpose is to provide electricity for business customers and local power distributors while ensuring environmental stewardship and economic development in the Tennessee Valley region. TVA offers a range of services including electricity generation, flood control, and recreational opportunities across its waterways.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
TVA has been a significant issuer of bonds since its formation, with its first bond issue occurring in the mid-1930s to fund hydroelectric projects. Notably, TVA's bonds are considered among the safest in the municipal market, often carrying the highest credit ratings due to the government backing. Current yields on TVA bonds are competitive within the utility sector, making them attractive to yield-seeking investors. In recent years, TVA has issued bonds to finance new energy projects and renewable energy initiatives, reflecting a commitment to sustainability and modern energy solutions.