Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 422

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 5
Chunk 422
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%1,210 2 %Total purchased power(3)16,271 20 %11,435 15 %Total power supply82,260 100 %79,087 100 %

Notes

(1)  The generation for the six months ended March 31, 2025 includes 59 thousand kWh of pre-commercial generation at Johnsonville Aeroderivative CT Units 21-30.  The generation for the six months ended March 31, 2024 includes 137 thousand kWh of pre-commercial generation at Paradise CT Units 5-7.

(2)  Generation from TVA-owned renewable resources (non-hydroelectric) is less than one percent for all periods shown and therefore is not represented in the table above.

(3)  Raccoon Mountain Pumped-Storage Plant net generation is allocated against each TVA-operated generation facility and purchased power type for both the six months ended March 31, 2025, and 2024.  See Part I, Item 1, Business — Power Supply and Load Management Resources — Hydroelectric Pumped-Storage in the Annual Report for a discussion of Raccoon Mountain Pumped-Storage Plant.

(4)  Purchased power (natural gas and/or oil-fired) includes generation from Caledonia Combined Cycle Plant ("Caledonia CC"), which is currently a leased facility operated by TVA.  Generation from Caledonia CC was 2,724 million kWh and 1,876 million kWh for the six months ended March 31, 2025, and 2024, respectively.

(5)  Purchased power (other renewables) includes purchased power from the following renewable sources: solar, wind, biomass, and renewable cogeneration.  TVA acquires RECs in connection with certain purchased power transactions and sells some of these RECs to customers. 

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In addition to power supply sources included here, TVA offers energy efficiency programs that effectively reduce energy needs.  In 2025, TVA expects to invest $99 million on its energy efficiency programs and anticipates approximately 304 gigawatt hours of net incremental energy efficiency savings.

Interest Expense.  Interest expense and interest rates for the three and six months ended March 31, 2025, and the three and six months ended March 31, 2024, were