The Tennessee Valley Authority, which supplies electricity for Warren Rural Electric Cooperative and Bowling Green Municipal Utilities, reported in its quarterly financial disclosure a net income of $288 million for the three months ending Dec. 31. Net income was up $186 million from the same period last year, primarily due to overall lower expenses.
TVA’s total operating revenues of about $2.5 billion for the quarter were relatively flat when compared to the first quarter last year. Power sales were up about 2 percent for the quarter on more normal weather, as milder weather affected sales during the same period last year. Even with higher sales volume, fuel and purchased power, expenses were down $115 million, or about 14 percent, primarily because of an increase in low-cost hydroelectric production and slightly lower natural gas prices.