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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

Auction Plans Take Shape for Vermont Yankee

LCG, March 27, 2001Vermont Yankee Nuclear Power Corp. said yesterday it is moving forward on the planned auction of its 540 megawatt nuclear power plant in Vernon, Vt., and has retained New York investment bank J.P. Morgan Chase & Co. as financial adviser.

Vermont Yankee Nuclear Power had originally agreed to sell the facility to Amergen Energy Co. for $50 million, but when other nuclear power plants in the Northeast were sold at prices exceeding $1 billion, the Vermont Public Service Board rejected that deal and said to hold an auction.

Since then, other companies have expressed an interest in Vermont Yankee, including units of Entergy Corp., Dominion Resources Inc. and Constellation Energy Croup Inc. Amergen, a joint venture between Exelon Corp. and British Energy Plc, is still looking at the plant as well.

Vermont Yankee Nuclear Power said it expects a successful auction. "We have seen significant interest recently from potential auction bidders for the plant," chief executive Ross Barkhurst said.

Vermont Yankee generated about 80 percent of the power consumed in Vermont.

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