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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

FPL's New Nuclear Reactors Gain Momentum

LCG, August 16, 2007--FPL Group Inc. (FPL) announced yesterday that it plans to add two nuclear reactors at its existing Turkey Point nuclear power plant in Florida by 2020 to meet the growing demand for electricity in Florida. The new reactors would add 3,000 MW of base-load, electric generating capacity that is free of carbon emissions.

FPL announced its plans at a Florida Public Service Commission workshop on future energy needs. In addition, FPL stated that it plans to increase electric generating capacity at the existing St. Lucie nuclear power plant and at Turkey Point by a total of 400 MW. The increase is scheduled by 2012, given timely regulatory approvals.

The company stated that it plans to file proposals supporting the increase in capacity of the existing facilities and the addition of two nuclear reactors before October. The company clarified that no decision to build new reactors has been made at this time and that such a decision is unlikely for at least a year.

FPL is not alone in planning new nuclear reactors. In December of 2006, Progress Energy Florida selected a site in Levy County, Florida about eight miles north of its existing Crystal River Energy Complex for the possible construction of a new nuclear power plant. Furthermore, Progress Energy Florida last month announced that Westinghouse Electric Co.'s AP1000 was selected for nuclear reactor additions in Florida. The company has stated that it plans to file a need case with the Florida Public Service Commission in early 2008. Assuming the decision is to proceed, construction could begin in 2012, with commercial operation scheduled for 2016, according to Progress.
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