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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

Energy Alberta Files with CNSC to Construct Nuclear Reactors

LCG, August 29, 2007--The Canadian Nuclear Safety Commission (CNSC) yesterday received an application from Energy Alberta Corporation to construct up to two nuclear reactors near Peace River in Alberta. The proposed nuclear power station would include two reactors with a combined net electrical output of 2,100 MW. The target date for commercial operations is early 2017.

The estimated total cost of the proposed facility is C$6.2 billion. The reactor design would employ the ACR-1000, which is founded upon the Atomic Energy of Canada Limited's (AECL) CANDU nuclear technology.

The selected site is on private land located approximately 18 miles west of the town of Peace River, Alberta, where Energy Alberta obtained about 1,400 acres of land.

Energy Alberta is a privately held company, incorporated in Calgary in October 2005. For this project, Energy Alberta partnered with AECL, the federal Crown corporation that provides Candu reactors.
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