The Tennessee Valley Authority hosted their end of year report for the financial results from the 2025 fiscal year at a board meeting Thursday.
The TVA reported $13.7 billion in total operating revenues with 168 billion kilowatt hours of electricity sales for the 2025 fiscal year, which ended September 30. That equates to an increase of total operating revenues of 11 percent, mostly due to higher fuel and base rates, along with increase sales volume.
Sales of electricity increased roughly 3 percent compared to the prior year, driven by higher sales to residential, small commercial and industrial customers. They also saw increases in the data processing, hosting and related services sector.
TVA President and CEO Don Moul says the TVA region continues to explode with growth, both private and public, and that was reflected in their financials.
Fuel and purchased power expense was $732 million higher, primarily due to higher demand for purchased power and higher cost coal and gas generation as a result of less availability of nuclear generation. Chief Financial Officer Tom Rice says the TVA has taken a disciplined approach to financing, to make sure they can keep serving the 10-million people who rely on them to keep the power on.
Rice says they are dedicated to working efficiently and with fiscal responsibility, and they intend not just focus on the financials, but also enhancing performance.
Operating and maintenance expense increased by $76 million primarily due to increases in payroll and benefit costs related to severance costs associated with Enterprise Transformation Program efforts. Overall, the TVA’s net income was $1.4 billion for the fiscal year 2025, which was $225 million higher than the prior year mainly due to higher operating revenues.