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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

Support Grows for CPUC's PG&E Bankruptcy Plan

LCG, Aug. 23, 2002--Creditors of the bankrupt utility PG&E are backing a proposal by the California Public Utilities Commission that could govern the way in which PG&E emerges from bankruptcy.

U.S. Bankruptcy Judge Dennis Montali is to select either the proposal by the California Public Utilities Commission or PG&E's own plan, on November 12. Under the deal made with the CPUC, creditors would receive payments from PG&E's rates, which could be set based upon its debt and its need to buy power. The California Department of Water Resources has been buying electricity on behalf of the utility, because the utility lacks credit. PG&E's plan would remove its operations from state oversight of its wholesale electric rates.

The plan, which has been developed with assistance from investment bank UBS Warburg, has been criticized by consumer advocacy groups, who are opposed to rates being set based upon PG&E's heavy debts. PG&E would sell stock under the plan, while PG&E Corp., its corporate parent, would be restricted from realizing profits.

Residential customers of Southern California Edison have been paying rates which are as much as 40 percent higher than they were before wholesale power prices spiraled out of control, in order that the utility can pay its debts.
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