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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

AEP to Buy Houston Pipe Line Co. from Enron

LCG, Jan. 12, 2001American Electric Power Co. said yesterday it had signed an agreement for its AEP Energy Services Gas Holding Co. subsidiary to acquire Houston Pipe Line Co. from Enron Corp. through a stock purchase. Financial terms were not disclosed.

Houston Pipe Line owns or leases, and operates, one of the most extensive and flexible natural gas gathering, transportation and storage operations in Texas. Its intrastate system includes more than 4,400 miles of pipe with capacity of approximately 2.4 billion cubic feet per day and the operation of one of the largest storage facilities in North America with a capacity of approximately 118 billion cubic feet and significant injection and withdrawal capacity.

Paul Addis, an AEP executive vice president, said the deal "will enhance AEP's natural gas business with its multiple connections into the production areas of Texas, its numerous interconnects with intrastate and interstate pipelines, and its position in and around Houston as a premier provider of natural gas."

AEP said the transaction should close before summer, The deal requires certain regulatory approvals and is subject to an anti-trust waiting period.

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