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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

Constellation Peaker Construction Finished

LCG, June 21, 2002--The Florida-based Oleander gas-fired peaking plant owned by Constellation Power is no longer under construction, and is scheduled to go online this summer.

The plant is made up of four combustion turbines, one of which was contracted last summer to provide firm power to Florida Power & Light from 2002 through summer 2003, and another of which will was to do so through mid-2005. Part of the output has been sold to Seminole Electric Cooperative as part of a seven-year power purchase agreement beginning this winter.

The plant is located in Brevard County, near Cocoa.
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