Tennessee Valley Authority entered into a Third Amended and Restated $1,000,000,000 July Maturity Credit Agreement on July 10, 2026. The agreement, with Toronto Dominion (Texas) LLC as Administrative Agent, provides access to up to $1,000,000,000 in loans or letters of credit expiring July 10, 2031. Tennessee Valley Authority is a corporate agency of the United States that provides electricity and water services.