Tennessee Valley AuthorityTVE
What Tennessee Valley Authority does.
The Tennessee Valley Authority ("TVA") is a corporate agency and instrumentality of the United States ("U.S.") that was created in 1933 by federal legislation in response to a proposal by President Franklin D. Roosevelt. TVA was created to, among other things, improve navigation on the Tennessee River, reduce the damage from destructive flood waters within the Tennessee River system and downstream on the lower Ohio and Mississippi Rivers, further the economic development of TVA's service area in the southeastern U.S., and sell the electricity generated at the facilities TVA operates. Today, TVA operates the nation's largest public power system and supplies power to a population of approximately 10 million people.
TVA also manages the Tennessee River, its tributaries, and certain shorelines to provide, among other things, year-round navigation, flood damage reduction, and affordable and reliable electricity. Consistent with these primary purposes, TVA also manages the river system and public lands to provide recreational opportunities, adequate water supply, improved water quality, cultural and natural resource protection, and economic development. TVA performs these management duties in cooperation with other federal and state agencies that have jurisdiction and authority over certain aspects of the river system. In addition, the TVA Board of Directors ("TVA Board") has established two councils — the Regional Resource Stewardship Council and the Regional Energy Resource Council — to advise TVA on its stewardship activities in the Tennessee Valley and its energy resource activities.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $10.5B | $12.5B | $12.1B | $12.3B | $13.7B | — |
| Net income | $1.5B | $1.1B | $500.0M | $1.1B | $1.4B | — |
| Free cash flow | $1.3B | $587.0M | $346.0M | -$278.0M | -$1.1B | — |
More on TVE.
- Tennessee Valley Authority summary
- Tennessee Valley Authority financial statements
- Tennessee Valley Authority key metrics
- Tennessee Valley Authority health scores and style box
- Tennessee Valley Authority earnings
- Tennessee Valley Authority dividends
- Tennessee Valley Authority valuation
- Tennessee Valley Authority ownership and insiders
- Tennessee Valley Authority peers
Figures from Tennessee Valley Authority's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.