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The Norris Dam in Anderson County can produce electricity for the Tennessee Valley Authority. (Photo courtesy TVA)

KNOXVILLE—The Tennessee Valley Authority reported Monday that electricity sales were lower in the third quarter of fiscal year 2013 than for the prior period due largely to mild temperatures, while heavy rainfall boosted low-cost hydroelectric generation.

“Both sales and revenues were down in the third quarter. This was offset largely by our efforts to reduce operating costs,” TVA President and Chief Executive Officer Bill Johnson said. “We are focused on making sure TVA lives within our means to continue to keep rates low for our customers and the people of the Tennessee Valley.” [Read more…]

KNOXVILLE—The Tennessee Valley Authority reported Tuesday that electricity sales were relatively flat in the first quarter of fiscal year 2013, total revenues were consistent with the prior year, and net income was down.

“TVA’s total operating revenues remain on plan,” new President and Chief Executive Officer Bill Johnson said. “We continue to drive performance and process improvements in order to provide cleaner and low-cost energy to our customers.”

Higher off-system sales as a result of excess generation and closer-to-normal temperatures for the period, compared with even warmer weather a year ago, contributed to a slight 0.2 percent increase in total electricity sales, TVA said in its quarterly filing to the U.S. Securities and Exchange Commission for the three months ended Dec. 31, 2012.

[Read more…]

Electricity sales down with mild temperatures; heavy rainfall boosted low-cost power, TVA says

TVA sales flat in first quarter 2013, revenues consistent with prior year