TVA Reports $4.9 Billion Operating Revenue For First 2 Quarters Fiscal Year 2021 Tuesday, May 4, 2021
The Tennessee Valley Authority reported $4.9 billion in total operating revenues on 76.4 billion kilowatt-hours of electricity sales for the first two quarters of fiscal year 2021 ended March 31.
Sales of electricity were 3 percent higher due to an 8 percent increase in heating degree days over the same period in the prior year, and an increase in sales to directly served customers. Total operating revenues decreased 4 percent over the same period of the prior year driven primarily by lower effective base rates and lower fuel cost recovery revenues as a result of lower fuel rates offset by higher demand volume.
Username This is the name that will be displayed next to your photo for comments, blog posts, and more. Choose wisely! Email Your e-mail address will be used to confirm your account. We won t share it with anyone else. Password Create a password that only you will remember. If you forget it, you ll be able to recover it using your email address. Confirm Password
TVA Reports Second Quarter Fiscal Year 2021 Financial Results
News provided by
Share this article
Share this article
KNOXVILLE, Tenn., May 4, 2021 /PRNewswire/ The Tennessee Valley Authority reported $4.9 billion in total operating revenues on 76.4 billion kilowatt-hours of electricity sales for the first two quarters of fiscal year 2021 ended March 31, 2021.
Sales of electricity were 3% higher due to an 8% increase in heating degree days over the same period in the prior year, and an increase in sales to directly served customers. Total operating revenues decreased 4% over the same period of the prior year driven primarily by lower effective base rates and lower fuel cost recovery revenues as a result of lower fuel rates offset by higher demand volume.
TVA Reports Second Quarter Fiscal Year 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.