Tennessee Valley Authority Power Bonds 1999 Series A due May 1 2029

TVE

Market cap $200M

Tamarack Valley Energy Ltd. ( TVE:CA ) Q3 2025 Earnings Call October 29, 2025 11:30 AM EDT Company Participants Steve Buytels - CFO & President Benjamin Stoodley - Vice President of Engineering Kevin Johnston Presentation Operator Good morning.

The FOMC Fed Funds Rate cuts create new investment opportunities in low-duration, high-credit-quality fixed-income instruments like TVA's baby bonds TVE and TVC. TVE and TVC offer over 5% yield to maturity, quarterly interest payments exempt from state and local taxes, and are highly rated by credit agencies. Both bonds are undervalued, trading at a 70 basis points spread above corresponding Treasuries, suggesting a mispricing and potential for higher returns.

Tennessee Valley Authority PARRS A 2029 (TVE) Q2 2024 Earnings Call Transcript