Strong Financial Performance: TVA reported $6.6 billion in total operating revenues through the second quarter of 2026, with sales of electricity up approximately 1% year-over-year.
Investing to Meet Growing Regional Energy Demand: TVA continues one of the largest capital programs in its history, including 3,770 megawatts of new generation under construction, extending licenses at all three nuclear sites, and ongoing investments in long-term reliability.
Advancing U.S. Energy Leadership: TVA is strengthening America's nuclear leadership by continuing to evaluate opportunities in new nuclear generation, engaging in groundbreaking industry partnerships, and positioning the Tennessee Valley region as a leading national hub for advanced nuclear technologies.
KNOXVILLE, Tenn., May 5, 2026 /PRNewswire/ -- The Tennessee Valley Authority reported $6.6 billion in total operating revenues on nearly 82 billion kilowatt-hours of electricity sales for the six months ending Mar. 31, 2026. Total operating revenues increased 2% over the same period last year, primarily due to higher sales volume and higher fuel cost recovery rates. Sales of electricity increased approximately 1% compared to the same period last year, primarily driven by increases within the data processing, hosting, and related services sector.
On April 24, 2026, TVA's Board named Mike Skaggs as TVA's Interim President and Chief Executive Officer. He succeeds Don Moul, who announced his retirement early last month. In his new role, Skaggs is responsible for leading the nation's largest public power utility in its mission of serving the people of TVA's seven-state region.
"It is good to be back at TVA. I truly believe the TVA team is one of the most talented and dedicated groups in the utility industry ― with broad energy experience, strong relationships and a solid leadership team that is focused on delivering results for the more than 10 million people in our region," said Mike Skaggs, TVA's Interim Chief Executive Officer. "In the weeks ahead, my focus will be on listening, getting up to speed quickly, and ensuring we maintain the operational excellence that people throughout our seven‑state region depend on every day. Strengthening relationships with our local power companies, directly served customers, and partners at every level remains a top priority."
Skaggs continued, "TVA plays a vital role in America's energy future. We will continue to support reliable growth across the region while maintaining strong financial performance. That includes evaluating opportunities in new nuclear generation, updating our long‑range resource and strategic asset plans, and ensuring our rate structure continues to support load growth while protecting the Valley's ratepayers."
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