The Tennessee Valley Authority is reporting a strong third-quarter for the 2025 fiscal year, and officials highlighted their ongoing plans to increase energy generation and reliability heading into the future.
The TVA reported total operating revenues in the amount of $9.8 billion for 121 billion kilowatt-hours of electricity sales for the nine-month period that ended on June 30. That does reflect an 11 percent increase in revenue when compared to the same time from last year, primarily due to higher rates and an increase in sales. Sales of electricity in fact increase by three percent in that time frame.
Operating and maintenance expenses increased by $100 million over the same period last year, driven primarily by increases in payroll and benefit costs and an increase in nuclear outage days.
In the financial call, TVA CEO and President Don Moul says they’ve done what they can to prepare for a summer that has brought record-breaking demand with extended heatwaves.
He says they’ve worked to generate new energy, and have plans to make even more.
Moul says that generation is going to be needed, as the TVA’s service region remains one of the fasting growing areas economically and residentially.
The Tennessee Valley Authority is the nation’s largest public power supplier, delivering energy to approximately 10 million people across seven southeastern states.