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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

CA Electricity Contracts May See Formal Hearing

LCG, August 28, 2002-Officials responsible for electricity purchases on behalf of Californian consumers and many of the companies selling wholesale power have not yet reached an agreement over contracts signed last year.

Eight companies, including El Paso Corp., Dynegy Inc., and Sempra Energy, started new talks with the Federal Energy Regulatory Commission today in order to reach settlements over contracts originally signed during the California power crisis.

California claims that the power contracts in question are unreasonably expensive because they were written during a time when wholesale electricity prices were unusually high and the state was desperate to buy power. Californian officials have also made demands that refunds be given for what it calls unfairly high prices paid for electricity in 2000 and 2001.

If no further progress is made on the contracts by tomorrow, FERC Chief Judge Curtis Wagner will begin a formal hearing on Friday.

However, GWF Energy LLC managed to settle claims with California this week, resulting in $215 million in savings for California on a 10 year contract. The company is also constructing a 164 MW plant in Tracy.

Earlier this year Calpine Corp. and Constellation Energy Group came to agreements with California, decreasing contracts by $3.5 billion, or 23 percent.

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