Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 238

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 238
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 system demand.  Payments are typically due within approximately one month of invoice issuance.Other RevenueOther revenue consists primarily of wheeling and network transmission charges, sales of excess steam that is a by-product of power production, delivery point charges for interconnection points between TVA and the customer, Renewable Energy Certificate sales, and certain other ancillary goods or services.  

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Table of Contents                               Draft 4.0                    04/24/2025 5:00 PM

Disaggregated RevenuesDuring the three and six months ended March 31, 2025, revenues generated from TVA's electricity sales were $3.5 billion and $6.4 billion, respectively, and accounted for virtually all of TVA's revenues.  TVA's operating revenues by state for the three and six months ended March 31, 2025 and 2024, are detailed in the table below:Operating Revenues By State(in millions)Three Months Ended March 31Six Months Ended March 31 2025202420252024Alabama$520 $457 $951 $865 Georgia94 80 168 149 Kentucky214 201 396 378 Mississippi307 284 576 539 North Carolina28 28 49 51 Tennessee2,298 2,027 4,184 3,816 Virginia16 14 28 25 Subtotal3,477 3,091 6,352 5,823 Off-system sales1 2 2 4 Revenue capitalized during pre-commercial plant operations(1)(2)— (2)(3)Revenue from sales of electricity3,476 3,093 6,352 5,824 Other revenue56 61 100 95 Total operating revenues$3,532 $3,154 $6,452 $5,919 Note(1)  Represents revenue capitalized during pre-commercial operations at Johnsonville Aeroderivative CT Units 21-30 in the six months ended March 31, 2025 and Paradise CT Units 5-7 in the six months ended March 31, 2024, all of which was recognized in the three months ended December 31, 2023. TVA's operating revenues by customer type for the three and six months ended March 31, 2025 and 2024, are detailed in the table below:Operating Revenues by Customer Type