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NYSE, TVE - Tennessee Valley Authority

The Tennessee Valley Authority (?TVA?) is a wholly-owned corporate agency and  instrumentality of the United States. TVA was created by the U.S. Congress in  1933 by virtue of the Tennessee Valley Authority Act of 1933, as amended, 16  U.S.C. ?? 831-831ee (as amended, the ?TVA Act?). TVA was created to improve  navigation on the Tennessee River, reduce flood damage, provide agricultural and  industrial development, and provide electric power to the Tennessee Valley  region. TVA manages the Tennessee River and its tributaries for multiple  river-system purposes, such as navigation; flood damage reduction; power  generation; environmental stewardship; shoreline use; and water supply for power  plant operations, consumer use, recreation, and industry. TVA?s power system  operations, however, constitute the majority of its activities and provide  virtually all of its revenues.  Although TVA is similar to other power companies in many ways, there are many  features that make it different.  ...

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Sector:	Public Utilities
Industry:	Electric Utilities: Central
P/E Ratio:	N/A
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52wk range:	21.74 - 25.30