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TVA Presents Third Quarter Fiscal Year 2025 Financial Results

LCG, July 29, 2025--The Tennessee Valley Authority (TVA) today reported third quarter fiscal year 2025 financial results, including $9.8 billion in total operating revenues on 121 billion kilowatt-hours of electricity sales for the nine months ending June 30, 2025. TVA reported total operating revenues had increased 11 percent over the same period last year, primarily due to higher rates and sales. TVA presented that sales of electricity increased 3 percent compared to the same period last year, primarily due to higher sales to residential and small customers, as well as increases within the data processing, hosting, and related services sector.

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DOE Announces Site Selection for Energy Infrastructure and AI Data Centers on Federal Lands

LCG, July 24, 2025--The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure by using Federal lands to lower energy costs and help power the global AI race, as previously outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

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Industry News

Duke Energy Sustainable Solutions Announces 207-MW Ledyard Windpower Project in Iowa

LCG, September 23, 2021--Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy, earlier this week announced the construction of the 207-MW Ledyard Windpower project in Kossuth County, Iowa. Verizon Communications entered into a 15-year virtual power purchase agreement (VPPA) for 180 MW of the wind energy for 15 years to meet its net-zero goals.

The Ledyard Windpower project will be Duke Energy Sustainable Solutions’ first renewable energy project in the state. Construction on the project, which includes 46 Vestas V150 4.5-MW turbines, began last month. The project is scheduled to be complete at the end of 2022.

The project was co-developed by Duke Energy Sustainable Solutions and Amshore Renewable Energy, and Duke Energy Sustainable Solutions will perform long-term maintenance and operations at the site.

The president of Duke Energy Sustainable Solutions stated, “We’re excited to enter into the Iowa market, a state that has valuable wind resources and is ranked second in wind energy generation. Ledyard Windpower will not only add cleaner energy and economic value to Kossuth County, but it will also contribute to Duke Energy’s goal of reaching 47,000 MW of renewable energy by 2050.”

Project completion will increase the Duke Energy Sustainable Solutions’ U.S. wind capacity to over 3,100 MW. The company’s total electric capacity today is over 5,100 MW of nonregulated renewable energy.
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