Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028 (TVC)

NYSE: TVC · Electric Services · Knoxville, TN · filing with the SEC since 2006

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Grade4.6

◀ Past 4.7● Present 4.9▶ Future 3.9

4 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028

Nine metrics read from its own filings, by tense

Headline grade

4.6/10

◀ Past4.725% of the headline

● Present4.945% of the headline

▶ Future3.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.7/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

6.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 66th percentile among 59 sector filers · read for itself

From the record

Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.2/10

What has it actually done, year after year?

+1.8% a year over 8 filed years; profitable in 7 of 7.

weight 22% of this tense · 52nd percentile among 51 sector filers · read for its customers

From the record

Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's 8 filed years say what it did: revenue went from $11 billion in fiscal 2016 to $12 billion in fiscal 2023, up 1.8% a year; it rose in 5 of 7 years; the deepest fall was 9% from fiscal 2019 to fiscal 2020; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span1.8%bottom 10% of its family
the share of years revenue rosetop 45% of its family
the share of filed years with a profittop 17% of its family
the deepest fall from a revenue peak9.4%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.8/10

How has it treated the people who own it?

SI estimate 1.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 18th percentile among 57 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 18% of 57 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: cash returned against operating cash flow, the one part on file, ranked among 57 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's shareholder treatment is put at 1.8 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 18% of 57 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.9/1045% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate

5.2/10

Is it financially healthy right now?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 53 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 53 members with one.
What the record cannot read: No balance sheet on file.
How it was reasoned: family median, 53 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's financial health is put at 5.2 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 53 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed

4.9/10

How strong is its position in its industry?

bottom 49% of 52 in its family; net margin 4.1%.

weight 33% of this tense · 49th percentile among 52 sector filers · read for its customers

From the record

Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's standing among 52 graded names in its industry family: revenue of $12 billion in fiscal 2023 ranks in the top 33% by size; a net margin of 4.1% ranks in the bottom 27%; revenue growth of 5.6% a year over the last 3 filed years ranks in the top 46% (its annual reports).

What it rests on

revenue against the family$12.05Btop 33% of its family
net margin4.1%bottom 27% of its family
three-year revenue growth5.6%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.5/10

What are the people in charge doing?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 33 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 33 members with one.
What the record cannot read: No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 33 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's leadership is put at 4.5 of 10 with a confidence of 20 of 100, because no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 33 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate

4.6/10

How much room does it have to grow?

SI estimate 4.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 46th percentile among 58 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash less debt against assets, which ranks in the bottom 46% of 58 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash less debt against assets, the one part on file, ranked among 58 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's room to expand is put at 4.6 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 46% of 58 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed

5.0/10

What could actually drive growth from here?

bottom 50% of 51 in its family for growth drivers.

weight 45% of this tense · 50th percentile among 51 sector filers · read for its customers

From the record

Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's growth drivers, from the filed years to fiscal 2023: revenue grew 5.6% a year over the last three filed years against 1.8% over all 8, speeding up (top 14% of its family); the newest year grew -3.9% (bottom 16%); capital spending grew 14.2% a year (bottom 47%) (its annual reports). Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028 tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+3.7 points a yeartop 14% of its family
the newest year's revenue growth-3.9%bottom 16% of its family
three-year growth of capital spending14.2%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

2.0/10

Did its newest year beat what its own record pointed to?

bottom 20% of 49 in its family for expectations against reality.

weight 33% of this tense · 20th percentile among 49 sector filers · read for its shareholders

From the record

Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028's newest year against its own record: revenue of $12 billion in fiscal 2023 came in 13.1% below the $14 billion its prior three years' pace pointed to (bottom 20% of its family); net income of $500 million against a prior three-year average of $1.3 billion (bottom 16%); a net margin of 4.1% against 12.1% before (bottom 22%) (its annual reports).

What it rests on

revenue against the prior three years' pace-13.1%bottom 20% of its family
net income against the prior three years' average-62%bottom 16% of its family
net margin against its prior average-8.0 pointsbottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TVC · research, not advice