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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

Florida Governor Approves New Nuclear Reactors at FPL's Turkey Point Power Plant

LCG, May 15, 2015-The Governor of Florida and the State Cabinet approved the request from Florida Power & Light Company (FPL) to install two new nuclear reactors at the company's Turkey Point Plant, located approximately 25 miles south of Miami, Florida. The project approved includes nearly 90 miles of transmission lines in Miami-Dade County. The approval is an important step forward to provide FPL the option to construct the non-carbon emitting reactors.

FPL continues to seek approval for the site, construction and operation from the United States Nuclear Regulatory Commission (NRC). FPL submitted its application to the NRC for a combined license (COL) for two Westinghouse Advanced Passive 1000 (AP1000) Pressurized Water Reactors (PWRs) in June 2009.

FPL has not decided to construct the two, 1,100-MW reactors, and the operational dates for the reactors would likely not be until approximately 2022 and 2023.

The existing Turkey Point Plant includes two natural gas/oil conventional steam units (Units 1 and 2), two nuclear units (Units 3 and 4), one combined cycle natural gas unit (Unit 5), and nine small diesel generators.
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