PROFILE |
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A working monument to the New Deal, Tennessee Valley Authority (TVA) is the largest public power producer in the US, with 29,450 MW of generating capacity. Created by Congress in 1933, the federal corporation transmits electricity to 158 local power distributors (84% of sales), which serve some 8 million customers. TVA covers 80,000-sq.-mi., serving nearly all of Tennessee and parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina, and Virginia; it also manages the Tennessee River system. Because TVA is tax exempt, it's able to offer some of the lowest rates in the nation. The authority is preparing for deregulation and trying to cut its $25 billion debt.
COMPETITION |
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American Electric Power Company, Inc. (AEP)
Duke Energy Corporation (DUK)
Southern Company (SO)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: September
2000 Sales (mil.): 6,762.00
1-Yr. Sales Growth: 2.5%
Employees: 13,400
Revenue per employee: $504,626.87
KEY PEOPLE |
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Ike Zeringue
CEO
David N. Smith
CFO
CONTACT INFO |
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400 W. Summit Hill Dr.
Knoxville, TN 37902
US
Phone: 865-632-2101
Fax: -
Online: Web Site
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