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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

Newsmakers

Constellation Energy Group's chief financial officer Follin Smith announced that Constellation Generation Group's new chief financial officer will be James K. Walkington. Walkington was vice president and chief financial officer of the Raymond Professional Group, Inc. starting in 2001, and from 1995 to 2001, was vice president of financial services for Commonwealth Edison Company.

Cliff Thrasher will serve as vice president, chief financial officer and comptroller of Southern Company Generation and Energy Marketing, a unit of Southern Company that manages and generates electricity for the company's retail customers and markets energy in the competitive wholesale supply business.

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