Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 319

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 2
Chunk 319
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 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(in millions)Three Months Ended March 31Six Months Ended March 31 2025202420252024Revenue from sales of electricity  Local power companies$3,199 $2,842 $5,815 $5,329 Industries directly served245 221 475 438 Federal agencies and other34 30 64 60 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