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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

Let's Talk, Maharashtra Says to Enron India

LCG, April 13, 2001A committee appointed by the Indian state of Maharashtra has recommended that the state's electricity board negotiate a new agreement with Enron India to lower rates being charge by the U.S. company's Dabhol Power Co.

A report issued by the panel, nearly 200 pages in length, also recommended an overhaul of the Maharashtra State Electricity Board, the corruption-ridden government monopoly. The report cited high losses of electric power as it traversed MSEB's transmission and distribution systems.

A business often must wait years to get an electricity hookup, as applications wend their ways through a tedious bureaucracy. But a small amount of persuasion applied to the palm of a minor MSEB official can result in an immediate supply of power.

Up to a third of all the electric power produced in India is lost to theft or corruption on the wires of the state electricity boards, according to several recently-published economic studies.

Maharashtra government ministers contend that the power produced at Dabhol is "unaffordable," though it may have seemed affordable when contracts were signed in the mid-1990s. The state has had three new governments since those contracts were signed, and each one has complained about Dabhol's prices.

The panel's report said Enron was "open to negotiation," but last week Enron filed a notice of arbitration on the federal government of India in an effort to collect past-due electric bills from the MSEB. As part of the 1995 agreement, any dispute between Dabhol and the government can be resolved in the London Court of Arbitration.

Earlier this year, Enron had invoked India's sovereign guarantee to get Maharashtra to pay $17 million in outstanding bills. Now the company is seeking to collect another $48 million.

India has made no secret of its desire to attract foreign investment. Dabhol is the largest such investment in the country.

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