Tennessee Valley Authority (TVC)
Exchange-traded power bond supported by Tennessee Valley Authority Net Power Proceeds.
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Provides a retail-denomination, exchange-traded power bond backed solely by Tennessee Valley Authority's Net Power Proceeds. The federal agency runs an integrated public-power system that sells electricity chiefly to local distributors and directly served customers under protected-territory and long-term-contract frameworks.
Represents a retail-denomination, exchange-traded power bond issued by the federally owned Tennessee Valley Authority. Payment depends solely on TVA's Net Power Proceeds under its Power Bond Resolution, rather than a U.S. government guarantee. Its coupon can reset downward under a Treasury-linked formula, and the holder put right arises only in that reset process.
Runs generation and transmission as one consolidated public-power system, selling electricity chiefly to local power companies and directly served customers across a multistate Valley region. The operating portfolio includes nuclear, gas, coal, hydro, pumped storage, solar, purchased power, grid balancing, river navigation, flood control, land stewardship, and regional economic development. Power-sale revenue funds operations, capital investment, and debt service within statutory debt limits, protected-territory rules, long-term contracts, and federal governance.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.42B · Total debt $25.19B · Total assets $61.64B · Shareholders' equity $19.48B
- Revenue
- $3.44B
- Operating income
- $611.0M
- Net income
- $307.0M
Raised for 4 straight years — most recently to $0.1334 from $0.133 in Feb 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 31, 2026 | Aug 31 | Sep 1 | $0.1334 | |
| May 29, 2026 | May 29 | Jun 1 | $0.1334 | |
| Feb 27, 2026 | Feb 27 | Mar 2 | $0.1334 | |
| Nov 28, 2025 | Nov 28 | Dec 1 | $0.1334 | |
| Aug 29, 2025 | Aug 29 | Sep 2 | $0.1334 | |
| May 30, 2025 | May 30 | Jun 2 | $0.1334 | |
| Feb 28, 2025 | Feb 28 | Mar 3 | $0.1334 | |
| Nov 29, 2024 | Nov 29 | Dec 2 | $0.1334 |
| Institutions3 holders · as of Mar 31, 2026 | 23.69% | 124.4K shares | |
| Otherremainder | 76.31% | 400.6K shares |
525.0K company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Iat Reinsurance Co Ltd.Institution | 22.86% | 120,000 | 13Fas of Mar 31, 2026 |
10Elms LLPInstitution | 0.77% | 4,037 | 13Fas of Mar 31, 2026 |
Kohmann Bosshard Financial Services, LLCInstitution | 0.06% | 333 | 13Fas of Mar 31, 2026 |
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- Southern Company
Closest regional peer for wholesale power, nuclear, gas, and grid projects.
- Duke Energy
Regional utility peer for large-load service, nuclear, gas, and grid investment.
- Entergy
Deep South peer in electricity supply, nuclear generation, and grid service.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tennessee Valley Authority | $23.99 | +0.29% | $12.6M | 0.1 | — | 0.0 | +11.3% |
| Southern Company | $88.40 | +0.09% | $101.59B | 21.3 | 19.0 | 3.4 | +0.1% |
| Duke Energy | $120.94 | +0.29% | $93.99B | 18.1 | 17.8 | 2.8 | +1.1% |
| Entergy | $106.75 | +0.02% | $49.81B | 27.4 | 22.8 | 3.7 | +5.9% |
| Median | 21.3 | 19.0 | 3.4 | +1.1% |