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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

Williams Denies Taking Plants Off Line Illegitimately

LCG, October 3, 2002In response to a CPUC allegation that certain energy companies manipulated the California power market by operating plants below capacity, Williams Cos. denied that the company ever participated in such behavior.

Williams Cos., along with Dynegy, Duke, Mirant, Reliant, and AES, wasdiscussed in a report by the California Public Utilities Commission, which argued that they failed to furnish as much power as was available during the California energy crisis of 2000/2001.

Williams announced in a press release Tuesday that it did not shut down its plants for any reasons other than for legitimate maintenance or air quality regulations and that it did not withhold capacity in order to manipulate the market.

State Sen. Joe Dunn, the California legislator heading an investigation into power market manipulation, has said that the California Independent System Operator should have been able to detect that power was available during the energy crisis, and referred in general to companies' justifications for their operations as not "getting to the core of the matter."

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