Tennessee Valley Authority PARRS A 2029 (TVE)
NYSE-listed retail power bond payable from TVA’s net power proceeds.
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Provides a retail-denomination claim on Tennessee Valley Authority’s net power proceeds under its Power Bond Resolution. The federally owned public-power agency earns most revenue from wholesale electricity sales across the Tennessee Valley.
Provides a retail-denomination claim on Tennessee Valley Authority’s Net Power Proceeds under the Power Bond Resolution, rather than ownership in the federally owned agency. The PARRS structure permits a prescribed downward coupon reset and a limited reset-related put right; principal and interest are not guaranteed by the U.S. government.
Generates, transmits, and sells wholesale electricity across most of Tennessee and nearby parts of the Southeast, serving local power companies and large directly served customers. Its integrated system combines nuclear, gas, coal, hydro, pumped storage, solar, purchased power, and transmission with navigation, flood control, environmental stewardship, and economic-development mandates. Operations and bond payments depend on power-sale revenue, Net Power Proceeds, the statutory service territory, long-term customer contracts, regulatory compliance, and debt capacity.
Company facts
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
HistoryDividendAnnual yieldUpcoming
| Institutions | 49.52% | 260.0K shares | |
|---|---|---|---|
| 1 holder · as of Jun 30, 2026 | |||
| Other | 50.48% | 265.0K shares | |
| remainder | |||
525.0K company shares as of Aug 21, 2026 · institutions as of Jun 30, 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 | Date |
|---|---|---|---|
Iat Reinsurance Co Ltd.Institution | 49.52% | 260,000 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Southern Company
Southeastern wholesale, generation, grid, and large-load rival.
- Duke Energy
Adjacent-state utility peer for grid, generation, and large-load growth.
- Entergy
Deep South utility peer with Mississippi and nuclear-fleet overlap.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tennessee Valley Authority PARRS A 2029 | $23.23 | −0.04% | $12.2M | — | — | 0.0 | — |
| Southern Company | $85.27 | −0.22% | $98.31B | 20.6 | 18.2 | 3.3 | +0.1% |
| Duke Energy | $116.50 | −0.21% | $91.01B | 17.5 | 17.3 | 2.7 | +1.1% |
| Entergy | $101.21 | −0.36% | $47.40B | 26.0 | 21.6 | 3.5 | +5.9% |
| Median | 20.6 | 18.2 | 3.3 | +1.1% |