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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

Coal Supply Refused to Huge Drax Plant

LCG, October 17, 2002-A coal supplier refused to deliver coal to the 4,000-megawatt British Drax plant because it had not paid its bill.

Supplier UK Coal Plc stopped coal service to Britain's largest power plant today because the AES Corporation, which owns the Drax plant, could not pay its $19 million coal bill. Earlier this week, TXU Europe, a subsidiary of the TXU Corporation of Texas, neglected to pay AES for $31 million worth of electricity.

The Drax plant, located in Yorkshire, England, consumes 25 percent of UK Coal's product.

The energy sector in Britain has fallen in step with its American counterparts, and many in industry are facing financial difficulties. Last month British Energy Plc, England's nuclear power source, narrowly avoided financial downfall and is currently using government assistance in order to stay in operation.

Meanwhile, TXU Europe has come up with the required cash to pay its AES bill and UK Coal may be paid as early as Friday. The Drax plant currently has enough coal for over 2 months, and plant officials are not overly concerned about potential impacts of the situation as yet.

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