The Tennessee Valley Authority is reporting their financial results for the first quarter of the 2026 fiscal year, and its showing $3 billion in operating revenues so far.
To be specific, that $3 billion was from operating revenues of 40 billion kilowatt-hours of electricity sales for the three months making up the first quarter. Total operating revenues increased 4.4 percent over the same period last year, primarily due to higher sales volume. Sales of electricity increased roughly four percent, undoubtedly driven by weather impacts and increases within the data processing, hosting, and related services sector.
Chief Financial Officer Tom Rice says it was a strong start to 2026, and they intend to continue their momentum in providing premium service to the Valley.
That pledge was put to the test during the first quarter when Winter Storm Fern dropped snow and ice across their service area, and President and CEO Don Moul says the TVA’s investment in their grid paid off, with the system staying strong.
With the appointment of four new members to the TVA’s Board of Directors, Moul says they’re well-positioned to make new advancements in the future.
He says they’ll have a lot to consider, as the TVA will be looking to create even more generation, furthering the goal of American energy independence.
Fuel and purchased power expense was $25 million higher in the first three months of fiscal year 2026 over the same period of the prior year, primarily due to higher purchased power market prices and higher demand for energy as compared to the same period of the prior year. TVA’s net income was $266 million for the three months ending on December 31, $141 million higher than the same period of the prior year, primarily due to higher operating revenues.