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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

Restraints against Foreign Uranium Worry Carolinas

LCG, Jan. 24, 2001In a letter to the U.S. Department of Commerce, members of the Congressional delegations of North and South Carolina say that if a petition by U.S. Enrichment Corp., the only American supplier of fuel for nuclear power plants, is granted it could mean higher fuel costs for U.S. nuclear power plants.

More than half of South Carolina's electricity is generated in nuclear power plants, and almost a third of North Carolina's.

In a letter released yesterday, the lawmakers say that if USEC wins its trade complaint against Urenco, a British-Dutch-German consortium, and Eurodif of France it "would only serve to raise costs for utilities and consumers at a time when U.S. energy costs are rising."

The letter was signed by South Carolina Reps. Lindsey Graham and Jim DeMint, both Republicans, and John Spratt, a Democrat. North Carolina Reps. Richard Burr, Sue Myrick and Howard Coble, all Republicans, also signed the document.

The ITC, in a preliminary finding, agreed with USEC that it has been injured or faces the threat of injury from uranium sale by the European companies. The Commerce Department will now consider whether European governments have unfairly subsidized Urenco and Eurodif.

USEC is the world's leading source of enriched uranium fuel for nuclear power plants, but has suffered financially recently from an ill-starred contract to process and sell uranium recovered from Soviet weapons.

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