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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

Brazil Okays 11,000 Megawatt Hydro Project

LCG, April 30, 2001The Brazilian government, anxious to end the nation's electric power shortages with one massive project, intends to move forward with development of an 11,000 megawatt hydroelectric project on the Xingu River in the northern state of Para.

The $6 billion facility was first broached a decade ago but has languished because of environmental concerns, but the government, through the Ministry of Mining and Energy, now intends to proceed with the development at the town of Belo Monte on the Amazon tributary.

Officials at an energy forum in Sao Paulo last week said the plant would be financed with government and private money and could be completed by 2008. It would add almost 16 percent to the installed generating capacity in Brazil.

Original plans for the giant plant have been changed to take advantage of a curve in the Xingu River so that the impoundment will occupy space that is already flooded every year by the river.

The head of Electronorte, Para's state-run utility, said "Before the end of the year, the concession will be tendered and construction by private initiative with the government's support should start."

Changes in the original plans for the project, which make better use of the topography of the area, are hoped to prepare a path for significant external financing, particularly from the World Bank and the Inter-American Development Bank. Brazil's National Development Bank, federal power monopoly Eletrobras, mining giant Cia Vale do Rio Doce and Odebrecht industrial group are also seen as likely to take part in the project.

"It's a good moment to enter this project, which should make the electric system more secure," said National Energy Secretary Afonso Henriques Santos.

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