August 21, 2017 12:14 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Tennessee Valley Authority

Company Overview

Tennessee Valley Authority engages in the production and sale of electricity in the United States. It generates power from coal-fired, nuclear, hydroelectric facilities, and combustion turbine and diesel generators. The company sells power at wholesale to distributor customers comprising municipalities and cooperatives that resell the power to their customers at a retail rate. It also supplies power directly to federal agencies and customers with large or unusual loads, as well as customers with whom it has entered into exchange power arrangements. As of September 30, 2008, it operated various power generating facilities, including 29 conventional hydroelectric sites, 1 pumped storage hydroe...

400 West Summit Hill Drive

Knoxville, TN 37902-1499

United States

Founded in 1931

10,691 Employees

Phone:

865-632-2101

Fax:

865-632-6901

Key Executives for Tennessee Valley Authority

Chief Executive Officer and President
Age: 63
Chief Financial Officer and Executive Vice President
Age: 54
Executive Vice President of Operations
Age: 57
Executive Vice President of Generation
Age: 61
Principal Accounting Officer, Vice President and Controller
Age: 49
Compensation as of Fiscal Year 2017.

Tennessee Valley Authority Key Developments

Tennessee Valley Authority Reports Unaudited Earnings Results for the Nine Months Ended June 30, 2017

Tennessee Valley Authority reported unaudited earnings results for the nine months ended June 30, 2017. For the nine months, the company reported net income of $546 million compared to $572 million a year ago. Net cash provided by operating activities was $1,979 million compared to $1,878 million a year ago. Operating Revenue was $7,664 million compared to $7,330 million a year ago. sales was $109,698 million compared to $110,506 million a year ago.

Tennessee Valley Authority, Q3 2017 Earnings Call, Aug 01, 2017

Tennessee Valley Authority, Q3 2017 Earnings Call, Aug 01, 2017

The Tennessee Valley Authority Announces $300 Million Fiber Network Expansion

The Tennessee Valley Authority board of directors on May 18, 2017, approved a $300 million expansion of its fiber optic network, lending a potential boost to the region's efforts at expanding broadband access. Over the next five to 10 years officials plan to install or upgrade 3,500 miles of fiber throughout the vast TVA network, which reaches seven states in the Southeast. The primary purpose for the expansion, officials said, is to bolster the telecommunications system behind the operation of TVA power plants and other parts of the grid. From homes with solar installations to data-driven power supply management, the utility industry is relying more on high-speed broadband than ever before. TVA also plans to build more fiber than it needs, so some may be available to homes and businesses.

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