Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 253

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 253
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4.0                    04/24/2025 5:00 PM

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 VariationPercent ChangeHeating Degree DaysThree Months Ended March 311,761 1,6894.3 %1,583 1,709 (7.4)%11.2 %Six Months Ended March 312,743 2,932(6.4)%2,678 2,952 (9.3)%2.4 %Cooling Degree DaysThree Months Ended March 3112 1020.0 %9 10 (10.0)%33.3 %Six Months Ended March 31101 7142.3 %78 71 9.9 %29.5 %

Sales of electricity increased five percent for the three months ended March 31, 2025, as compared to the same period of the prior year.  The increased sales volume was primarily driven by increases within the data processing, hosting, and related services sector.  In addition, there was an 11 percent increase in heating degree days as compared to the same period of the prior year.  

Sales of electricity increased four percent for the six months ended March 31, 2025, as compared to the same period of the prior year.  The increased sales volume was primarily driven by increases within the data processing, hosting, and related services sector.  In addition, there was a 2 percent increase in heating degree days as compared to the same period of the prior year. 

Financial Results

The following table compares operating results for the three and six months ended March 31, 2025 and 2024:

Summary Consolidated Statements of Operations(in millions) Three Months Ended March 31Six Months Ended March 31 20252024ChangePercent Change20252024ChangePercent ChangeOperating revenues$3,532 $3,154 $378 12.0 %$6,452 $5,919 $533 9.0 %Operating expenses2,816 2,573 243 9.4 %5