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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

California Approves 1,060 Megawatt Duke Project

LCG, Oct. 26, 2000--After 14 months of deliberations the California Energy Commission has approved a plan by Duke Energy Corp. to replace five idle units at an existing power plant with two natural gas-fired combined-cycle units producing 1,060 megawatts of electricity.

You can imagine the amount of thinking that goes into approving a power plant where one did not previously exist.

Duke will tear down five units at the Moss Landing facility it purchased from Pacific Gas & Electricity Co. and replace them with the two new units. The old units, taken out of service five years ago, produced 613 megawatts. Two other units at the plant, which remain in service, have a combined capacity of 1,530 megawatts.

When the $500 million project is complete in the spring of 2002, Moss Landing will have a capacity of about 2,590 megawatts.

Duke had to pay for the approval. The company will contribute $7 million to support steps that mitigate the impacts of the power plant's operations on the area's marine biology. The decision also requires the company to pay $425,000 to the Monterey Bay Sanctuary Foundation to fund the Coastal Waters Evaluation Program.

Since the California electric industry restructuring law was enacted in the late summer of 1996, about 15,000 megawatts of new power projects have been announced for the state, which this past summer experienced 31 days of electric power shortages.

So far, the Energy Commission has approved six of the projects, including Moss Landing, having a total capacity of about 4,700 megawatts. Of that, around 2,000 megawatts is expected to enter commercial operation next summer.

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