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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

PacifiCorp Asks Oregon for $85 Million Boost

LCG, Nov. 3, 2000--British utility Scottish Power Plc said yesterday its U.S. subsidiary PacifiCorp has filed a rate case with the Oregon Public Utility Commission asking for an overall net rate increase of $85 million over today's retail electricity prices.

The rate hike, if approved, will go into effect eleven months from now, on Oct. 1, 2001.

Scottish Power said most of the increase would offset the increased costs of producing power. In its filings with Oregon and other states, the company said it would need about 9 percent more than current revenues to cover those costs.

The company pointed out that this was a lot less that other utilities in the region need because of PacifiCorp's extensive generation portfolio which allows it to substantially manage its power cost risks.

On Monday, the company made separate filings with regulators in Idaho, Oregon, Utah and Wyoming asking for authority to defer accounting for its excess wholesale electricity costs. Despite its extensive generation portfolio, PacifiCorp has to purchase power now and then. Under deferred accounting the utility will be able to record those costs as they are incurred and then seek recovery in later rate cases.

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