Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 295

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 2
Chunk 295
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.  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 Degree DaysThree Months Ended June 30144 191(24.6)%124 191 (35.1)%2016.1 %Nine Months Ended June 302,888 3,123(7.5)%2,801 3,143 (10.9)%873.1 %Cooling Degree DaysThree Months Ended June 30611 5952.7 %698 595 17.3 %(87)(12.5)%Nine Months Ended June 30712 6666.9 %776 666 16.5 %(64)(8.2)%

Sales of electricity increased one percent for the three months ended June 30, 2025, as compared to the same period of the prior year.  The increased sales volume was primarily driven by higher sales to residential and small commercial and industrial customers as well as increases within the data processing, hosting, and related services sector.  Partially offsetting the increased sales volume was a 12.5 percent decrease in cooling degree days compared to the same period of the prior year. 

Sales of electricity increased three percent for the nine months ended June 30, 2025, as compared to the same period of the prior year.  The increased sales volume was primarily driven by higher sales to residential and small commercial and industrial customers as well as increases within the data processing, hosting, and related services sector.  Partially offsetting the increased sales volume was an 8.2 percent decrease in cooling degree days compared to the same period of the prior year. 

Financial Results

The following table compares operating results for the three and nine months ended June 30, 2025 and 2024:

Summary Consolidated Statements of Operations(in millions) Three Months Ended June 30Nine Months Ended June 30 20252024ChangePercent Change20252024ChangePercent ChangeOperating revenues$3,306 $2,879 $427 14.8 %$9,758 $8,798 $960 10.9 %Operating expenses2,789 2,420 369 15.2 %8