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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

French Okay Endesa Interest in Power Firm Snet

LCG, Nov. 21, 2000--Endesa, Spain's largest electric utility, said yesterday the French government has approved its plans to acquire a 30 percent interest in French power producer Socit Nationale d'Electricit et de Termique.

Snet is the second largest French electricity company by installed capacity, owning 5 coal plants with 2,600 megawatts total capacity -- a drop in the bucket compared to Electricit de France, which itself owns 19 percent of Snet. The balance of Snet is owned by government-run Charbonnages de France, a coal mining and industrial firm.

Yesterday, Endesa signed an agreement with Charbonnages to acquire a 30 percent stake in Snet, with an option to increase its ownership "in the medium term."

Most of Snet's power output is sold to EdF, with a small amount being sold to business customers. Endesa said it expects to increase the proportion of industrial and commercial sales in the future.

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