Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 6

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 6
---
TVA's economic development efforts and programs continued to help attract or expand businesses and industries in the Tennessee Valley.  These companies announced projected capital investments of over $6.6 billion and are expected to create 9,316 jobs and retain 43,254 jobs.  These amounts are forward-looking and are subject to various uncertainties.  Amounts may differ materially based upon a number of factors, including, but not limited to, economic downturns or recessions.  See Forward-Looking Information and Part I, Item 1A, Risk Factors for a discussion of additional factors, and see Part I, Item 1, Business  — Economic Development Activities for definitions of "new jobs" and "retained jobs."

Results of Operations

Sales of Electricity

Sales of electricity were 167,612 million and 162,933 million kilowatt hours ("kWh") for 2025 and 2024, respectively.  The total sales of electricity in 2025 included 99 thousand kWh of pre-commercial generation at Johnsonville Aeroderivative CT Units 21-30.  The total sales of electricity in 2024 included 137 thousand kWh of pre-commercial generation at Paradise CTs 5-7.  TVA sells power at wholesale rates to 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 chart compares TVA's sales of electricity by customer type for the years ended September 30, 2025 and 2024: 

Sales of ElectricityFor the years ended September 30(millions of kWh)

57

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") 2024, and these graphs will continue to be updated on a CY basis.

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 2025NormalPercent Variation2024NormalPercent VariationChangePercent ChangeHeating