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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

Spain's Hidrocantábrico is Takeover Target Again

LCG, Jan. 25, 2001Hidroelctrica del Cantbrico, the fourth-largest Spanish electric power generator, is once again the apple of many eyes, and TXU Europe, once a suitor, says it is now a seller.

Electricidade de Portugal, the Portuguese national power firm 30 percent owned by the government, and Spanish savings bank Caja Asturias confirmed this morning they were about to make a cash bid for Hidrocantbrico and officials of Germany's RWE AG were at the Spanish utility's Asturian headquarters earlier this week pressing their case.

Hidrocantbrico's board on Monday spurned an offer from Ferroatlantica for a 25 percent stake in the company, saying its bid of 19 euros per share did not reflect the true value of the Spanish generator. Germany's Energie Baden-Wrttemberg AG was also rejected by the board.

According to TXU Europe, a subsidiary of Dallas-based TXU Corp., Caja Asturias and Electricidade de Portugal want to buy 100 percent of Hidrocantbrico and are willing to pay 24 euros per share, or $21.91 U.S. TXU said in a statement "This transaction provides TXU Europe with certainty over its exit from Hidroelctrica del Cantbrico at Euro 24 per share."

The offers from Electricidade de Portugal and RWE could meet with resistance from the Spanish government which opposes ownership of Spanish firms by companies which are partly owned by other governments. RWE, Germany's largest electric utility, is more than a third owned by municipal governments.

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