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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

Consumers Joins Midwest Nuke Operator Firm

LCG, Nov. 10, 2000--Consumers Energy Co. said yesterday it has signed an agreement to become a full partner in Nuclear Management Company of Hudson, Wisc., and transfer responsibility for the operation of its Palisades nuclear plant located near South Haven, Mich., to the partnership.

NMC was formed by four upper Midwest utilities in February of last year to operate seven nuclear units at five plant sites in Wisconsin, Minnesota and Iowa. With Consumers Energy as a partner, NMC will have responsibility for operating eight units with 4,500 megawatts of generating capacity.

" Palisades is joining a group of plants with excellent records for safety, reliability and cost-effective production," said David W. Joos, Consumers president and chief executive for electric. "It is a vote of confidence for our employees that Palisades has been invited to be a part of this outstanding nuclear organization."

Consumers said current Palisades employees will continue to operate and maintain the plant under the direction of NMC. Consumers will retain ownership of the plant, its 789-megawatt output and the spent fuel stored on site. The utility also will retain the financial obligations for the safe operation,maintenance and decommissioning of the plant.

NMC was originally formed by Northern States Power Co., Alliant Energy, Wisconsin Electric Power Co., and Wisconsin Public Service Co. to operate and manage the nuclear generating plants owned by the four utilities.

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