Company: TVC
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001376986-25-000011
Chunk: 140

Company: Tennessee Valley Authority
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 140
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25-28 in the first quarter of 2025 and began on Units 29 and 30 in January 2025.

On January 22, 2025, TVA reached a preliminary all-time record high peak power demand of approximately 35,319 megawatts ("MW").  This estimated peak was over 700 MW greater than TVA's previous all-time peak set in January 2024.

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Results of Operations 

Sales of Electricity

Sales of electricity, which accounted for nearly all of TVA's operating revenues, were 38,031 million and 37,335 million kilowatt hours ("kWh") for the three months ended December 31, 2024 and the three months ended December 31, 2023, respectively. The total sales of electricity during the three months ended December 31, 2024 included 8 thousand kWh of pre-commercial generation at Johnsonville Aeroderivative CT Units 25-28.  The total sales of electricity during the three months ended December 31, 2023 included 137 thousand kWh of pre-commercial generation at Paradise CT Units 5-7.  TVA sells power at wholesale rates to local power company customers ("LPCs") that then resell the power to their customers at retail rates.  TVA also sells power to directly served customers, consisting primarily of federal agencies and customers with large or nonstandard loads.  In addition, power exceeding TVA's system needs is sold under exchange power arrangements with certain other power systems. 

The following charts compare TVA's sales of electricity by customer type for the periods indicated:

The following charts show a breakdown of TVA's energy load:

Note

Information included in the charts above was derived from energy usage of directly served customers and customers served by LPCs during calendar year ("CY") 2023, and these graphs will continue to be updated on a CY basis.

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Weather affects both the demand for TVA power and the price for that power.  TVA uses degree days to measure the impact of weather on its power operations.  Degree days measure the extent to which the TVA system 23-station average temperatures vary from 65 degrees Fahrenheit. 

Degree DaysVariation from NormalChange from Prior Period 2024NormalPercent Variation2023NormalPercent VariationPercent ChangeHeating Degree DaysThree Months Ended December 31983 1,243(20.9)%1,094 1,243 (12.0)%(10.1