Tennessee Valley Authority
Investment Opportunities
TVA receives no appropriations from the federal government and is not authorized to issue stock. Therefore, it must meet its capital requirements through internally generated funds and power program financings. TVA securities may only be issued to provide capital for TVA’s power program, including the refunding of existing debt. TVA bonds are backed solely by the net power proceeds of the TVA power system and are neither obligations of nor guaranteed by the U.S. government.
TVA Power Bonds
This retail bond
program offers a series
of issues with a variety of structures targeted to individual investors,
generally issued once a month (this link takes you off the TVA Web
site).
Putable Automatic Rate Reset Securities (PARRS)
Bonds that trade on the New York Stock Exchange under the symbols “TVC” and “TVE”
Other TVA Power Bonds (26 total)
Global and domestic issues offered with varying maturities, structures, and interest payment time frames and in several different currencies
Short Term Notes
Discount Notes
Offered for sale on a periodic basis through participating investment dealers and dealer banks.
Find a Broker
TVA does not sell securities directly to the public. However, TVA securities may be purchased through a number of brokers, banks, and other financial institutions. Some of the organizations that may sell TVA securities include:
A.G. Edwards (A Division of Wachovia Securities)
Notice: TVA is not able to recommend financial institutions to investors and does not endorse any financial institution. Links to third party sites are provided here for convenience and should not be viewed as an endorsement or recommendation of these institutions. Institutions other than those referenced may sell TVA securities.