Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 21

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 15
Chunk 21
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6 billion, respectively, and accounted for virtually all of TVA's revenues.  TVA's operating revenues by state for the three and nine months ended June 30, 2025 and 2024, are detailed in the table below:Operating Revenues By State(in millions)Three Months Ended June 30Nine Months Ended June 30 2025202420252024Alabama$477 $409 $1,428 $1,274 Georgia74 65 242 214 Kentucky209 179 605 557 Mississippi310 277 886 816 North Carolina18 19 67 70 Tennessee2,161 1,869 6,345 5,685 Virginia11 10 39 35 Subtotal3,260 2,828 9,612 8,651 Off-system sales2 2 4 6 Revenue capitalized during pre-commercial plant operations(1)(1)— (3)(3)Revenue from sales of electricity3,261 2,830 9,613 8,654 Other revenue45 49 145 144 Total operating revenues$3,306 $2,879 $9,758 $8,798 Note(1)  Represents revenue capitalized during pre-commercial operations at Johnsonville Aeroderivative CT Units 21-30 in the three and nine months ended June 30, 2025 and Paradise CT Units 5-7 in the nine months ended June 30, 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 nine months ended June 30, 2025 and 2024, are detailed in the table below:Operating Revenues by Customer Type(in millions)Three Months Ended June 30Nine Months Ended June 30 2025202420252024Revenue from sales of electricity  Local power companies$2,967 $2,596 $8,782 $7,925 Industries directly served259 205 734 642 Federal agencies and other36 29 100 90 Revenue capitalized during pre-commercial plant operations(1)(1)— (3)(3)Revenue from sales of electricity3,261 2,830 9,613 8,654 Other revenue45 49 145 144 Total operating revenues$3,306