Tennessee Valley Authority 6 1/2 % Putable Automatic Rate Reset Secs 1999-1.5.29 Series A
(NYSE : TVE)

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Company Profile

Tennessee Valley Authority provides electricity for utility and business customers in the U. S. The company sells power to distributor who then resells power to their customers at retail rates. Its distributor customers consist of municipalities & other local government entities, and customer-owned entities. The company also sells power to directly served customers, consisting primarily of federal agencies and customers with large or unusual loads. It operates hydroelectric dams, coal-fired power plants, nuclear plants and natural gas-fired power facilities, which generate electricity. The company was founded on May 18, 1933 and is headquartered in Knoxville, TN.