TVA Reports Third Quarter Fiscal Year 2025 Financial Results

KNOXVILLE, Tenn., July 29, 2025 — The Tennessee Valley Authority (TVA) reported $9.8 billion in total operating revenues for the nine months ending June 30, 2025, marking an 11% increase over the same period last year. This increase was driven by higher rates and sales, primarily to residential and small customers. Sales of electricity rose by 3%.

Key Highlights:

• TVA’s operating revenues reached $9.8 billion, with electricity sales totaling 121 billion kilowatt-hours.
• The increase in electricity sales was largely due to higher demand in the residential and small business sectors, along with growth in the data processing and hosting industry.
• Fuel and purchased power expenses rose by $490 million due to reduced availability of nuclear generation.
• Operating and maintenance expenses increased by $100 million, driven by payroll and benefits costs, and increased nuclear outage days.
• Interest expense for the first nine months was $880 million, $85 million higher than the previous year.
• TVA’s net income was $745 million, an increase of $130 million from the prior year.

TVA is making significant capital investments in its power system, with approximately 6,200 megawatts of new firm, dispatchable generation under construction or under evaluation.

Leadership Commentary:

Don Moul, TVA President and CEO, stated, “To power growth and prosperity, TVA is making some of the largest capital investments in our history to unleash American energy to power next generation industries.”

Tom Rice, TVA’s Chief Financial Officer, added, “Our capital plan remains on track, and we are strategically managing financing to support one of the largest investment periods in TVA’s history.”

TVA’s senior leadership will host a conference call and webcast at 8:30 a.m. ET today to discuss the third quarter fiscal year 2025 results. A webcast replay and transcript will be available for one year on TVA’s website.

TVA is the largest public power supplier in the United States, serving approximately 10 million people across seven southeastern states.

Media Contact: Melissa Greene, TVA Media Relations, Knoxville, 865-632-6000. www.tva.com/news