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Peak Energy Announces First Grid-Scale, Sodium-Ion Battery Energy Storage System in the U.S.

LCG, July 30, 2025--Peak Energy today announced the launch and shipment of its sodium-ion battery energy storage system (BESS) that includes a patent-pending passive cooling design that should significantly reduce lifetime energy costs. Peak Energy's system is to be deployed this summer in a shared pilot project with nine utility and independent power producer (IPP) customers.

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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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Industry News

Northwest States Ask FERC to Order Power Refunds

LCG, Aug. 21, 2001--The states of Washington and Oregon were joined by Nevada yesterday in asking a Federal Energy Regulatory Commission administrative law judge to order refunds of more than $1 billion they say they were overcharged when they purchased wholesale power to compensate for that diverted to California earlier this year.

California also got into the act, looking for a $1.5 billion chunk of the $8.9 billion the state says it has been overcharged for power over an as yet undefined time span.

Yesterday's court session before FERC Judge Carmen Cintron was the first round of a case brought by Puget Sound energy Inc and a number of Pacific Northwest municipal utilities, including Seattle City Light Co.

The hearings are supposedly unrelated to those held in July before FERC Judge Curtis Wagner, which sought unsuccessfully to sort out California's $8.9 billion claim. In that case, Wagner said California was possibly owed a maximum of $1 billion and was unlikely to see any cash at all because the power producers were still owed more than that amount.

The five-member FERC could rule on Wagner's recommendations in October.

In the case brought yesterday, which named Powerex, the power marketing arm of Canadian provincially owned utility BC Hydro, Enron Corp., Idaho Power Co. parent holding company Idacorp Inc. and Pinnacle West Capital Corp. unit Arizona Public Service Co., among others, the states argued that refunds to the Northwest states and Nevada are within the scope of FERC's overall review.

Lawrence Acker, a lawyer representing the so-called "Transaction Finality Group" which consists of the power producers, said Judge Cintron should "defer individual claims and determine to what extentrefunds are due," for the Pacific Northwest.

Acker said sales made to the Pacific Northwest were final and refunds should not be considered unless abuse of market power can be shown.

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