Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 150

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 3
Chunk 150
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 increases in the amortization expense of finance leases and amortization expense of decommissioning costs recovered in rates, the decision to retire Kingston Fossil Plant ("Kingston"), and additions to net completed plant.

Pre-commercial plant operations began on Johnsonville Aeroderivative combustion turbine ("CT") Units 25-28 in the first quarter of 2025 and began on Units 21-24 and 29-30 in the second quarter of 2025.

On January 22, 2025, TVA reached an all-time record high peak power demand of approximately 35,430 megawatts ("MW").  This peak was over 800 MW greater than TVA's previous all-time peak set in January 2024.

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

Results of Operations 

Sales of Electricity

Sales of electricity were 42,745 million and 40,636 million kilowatt hours ("kWh") for the three months ended March 31, 2025 and 2024, respectively.  Sales of electricity were 80,776 million and 77,971 million kWh for the six months ended March 31, 2025 and 2024, respectively.  The total sales of electricity during the six months ended March 31, 2025 included 59 thousand kWh of pre-commercial generation at Johnsonville Aeroderivative CT Units 21-30, of which 49 thousand kWh was recognized in the three months ended March 31, 2025.  The total sales of electricity during the six months ended March 31, 2024 included 137 thousand kWh of pre-commercial generation at Paradise CT Units 5-7, all of which was recognized in the three months ended December 31, 2023.  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