Tennessee Valley Authority PARRS D 2028 (TVC)
| Previous close | 22.08 |
| Open | 22.07 |
| Bid | 19.99 x 1000 |
| Ask | 22.40 x 900 |
| Day's range | 22.00 - 22.07 |
| 52-week range | 21.00 - 23.30 |
| Volume | |
| Avg. volume | 18,325 |
| Market cap | 11.587M |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
Associated Press FinanceUS utility pledges more transparency after lack of notice it empowered CEO to make plant decisions
The nation's largest public utility on Thursday pledged to be more transparent after it took months to disclose that a general budget vote by its board last year also gave the CEO the final decision over several proposed natural gas power plants. The decision followed an August meeting in which the federal utility's board cast the budget vote that quietly gave President and CEO Jeff Lyash the final say over the projects, including the replacement of the aging coal-fired Kingston Fossil Plant with a natural gas plant. The decision stood in contrast to a more publicized vote in May 2023 when the board, with a new majority selected by President Joe Biden, took back the final decision-making authority on the Kingston plant.
Associated Press FinanceUS's largest public utility ignores warnings in moving forward with new natural gas plant
The nation’s largest public utility is moving ahead with a plan for a new natural gas plant in Tennessee despite warnings that its environmental review of the project doesn't comply with federal law. The Tennessee Valley Authority announced in April that it would replace the aging coal-burning Kingston Fossil Plant with gas amid growing calls for the agency's new board of directors to invest in renewables. The board, with six of nine members appointed by President Biden, is expected to meet on Thursday in Nashville, a day after a planned protest by a coalition of environmental groups demanding the utility stop investing in fossil fuels.
- Reuters
TVA to retire Kingston fossil plant by end of 2027
Power supplier Tennessee Valley Authority (TVA) has decided to retire its Kingston Fossil Plant and build an energy complex at the site by the end of 2027, the company said in a press release on Tuesday. The company plans to shut down all nine of Kingston's coal-fired units. The energy complex will house natural gas, solar energy and battery storage at the location, the release said.
