Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 229

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 229
---
 oral arguments on the merits on March 4, 2025, but has not yet issued a ruling.  See Part II, Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations — Key Initiatives and Challenges —  Optimum Energy Portfolio —  Natural Gas-Fired Units in the Annual Report and Note 21 — Contingencies and Legal Proceedings — Legal Proceedings — Challenge to Certificate for Cumberland Pipeline in this Quarterly Report.

TVA is constructing 1,500 MW of natural gas generation at TVA's Kingston site that is expected to be operational by the end of CY 2027.  As of June 30, 2025, TVA had spent $1.5 billion on this project.  In addition, in March 2025, TVA issued a 

53

Table of Contents                               Draft 4.0                    07/24/2025 5:00 PM

request for proposal for battery storage related to the Kingston energy complex.  See Part II, Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations — Key Initiatives and Challenges — Natural Gas-Fired Units in the Annual Report for additional information regarding this project and Note 21 — Contingencies and Legal Proceedings — Legal Proceedings — Challenge to Kingston Construction Permit in this Quarterly Report for information about a challenge to the Kingston construction permit.

In 2024, TVA made available to the public a draft environmental impact statement ("EIS") to assess the impacts associated with the construction and operation of a 500 MW simple cycle CT at New Caledonia on TVA land.  The final EIS was published in January 2025, and TVA documented its final decision with the Record of Decision on February 13, 2025.  As of June 30, 2025, TVA had spent $214 million on the New Caledonia project and could spend up to an additional $648 million.

TVA is also exploring a 200 MW aeroderivative CT project at TVA's Allen site, and the draft EIS was made available for public comment in March 2025.  In addition, TVA is exploring a 350 MW CT project at TVA's Lagoon Creek site.  As of June 30, 2025, TVA had spent less than $1 million on the project at Lagoon Creek and could spend up to an additional $670 million.  See Part II,