On December 9, 2025, Tennessee Valley Authority announced a $3 billion electronotes® program offering.
Key Highlights:
- TVA plans to issue Power Bonds with maturities from 1 to 30 years.
- Notes will bear fixed interest rates, payable at various intervals.
- Proceeds will be used to retire existing debt or finance TVA's power program.
- Notes are not guaranteed by the U.S. government, relying on TVA's Net Power Proceeds.
- TVA's offering is exempt from SEC registration under the Securities Act of 1933.
Original SEC Filing:
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