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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

CP&L Plans 525 Megawatt Plant in Georgia

LCG, Nov. 1, 2000--Carolina Power & Light Co. said this morning that it may build a 525 megawatt, natural gas-fired power plant in Effingham County, Ga., northwest of Savannah. The company is serious enough to have taken an option to purchase the necessary real estate.

CP&L said construction is mainly contingent on getting permits and arranging power and fuel hookups. Current plans are for construction to begin during the summer of 2001, with the plant becoming available for commercial operation in June 2002.

CP&L said it would build the plant in two phases. Simple-cycle peaking turbines would go on-line in June 2002 and be converted to combined-cycle operation by the following June.

The Effingham County site belongs to International Paper Co. and is being considered because Savannah Electric Co., a subsidiary of The Southern Co., owns two transmission lines that cross the property and El Paso Energy owns a nearby natural gas pipeline and liquefied natural gas storage facility.

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