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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

Atmos to Sell City Gas System in South Carolina

LCG, Oct. 12, 2000Atmos Energy Corp. said yesterday it has agreed to sell its natural gas distribution system in Gaffney, S.C., to Piedmont Natural Gas Co. for about $5.8 million.

The system, which Atmos operated through its United Cities Gas Co. subsidiary, serves some 5,100 customers in northernmost South Carolina. Piedmont Natural Gas said it intends to keep the local Gaffney office and retain existing employees.

Robert W. Best, Atmos chief executive, said "We are pleased to be able to consummate this sale to a company of Piedmont's excellent reputation and know that they will continue to provide safe and reliable gas service to the Gaffney area."

Ware F. Schiefer, who heads Piedmont Natural Gas, said his company "will provide the residents and businesses of Gaffney with the same reliable and safe natural gas service they were accustomed to receiving from Atmos Energy."

The transaction is subject to regulatory approval and is expected to close by the end of this year.

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