The Tennessee Valley Authority says it is accelerating efforts to deliver affordable, reliable, and innovative energy through powerful partnerships across the region and nation.
That’s after its August meeting, where TVA Board of Directors reaffirmed commitment to meet rising demand, support economic growth, and lead the development of next-generation energy technologies — especially nuclear power.
President and CEO Don Moul said TVA is “leading the way to help America achieve energy dominance” at a time when the nation’s power needs are growing rapidly, particularly with the rise of AI-driven infrastructure.
The agency also highlighted progress in several areas, including:
+ New Nuclear Leadership, where TVA holds the nation’s only construction permit application under review for the BWRX-300 small modular reactor.
+ Fusion Research, where a contract with TypeOne Energy will support prototype stellarator fusion development at TVA’s Bull Run site.
+ Power Grid Expansion, where TVA is building 6,200 megawatts of new generation, with more than 3,500 megawatts already under construction — enough to power over two million homes.
+ Energy Efficiency, where a $1.5 billion investment in demand response programs has already saved participants over $800 million since 2023.
+ Community Resilience, where TVA earned a regional award for its year-long recovery and cleanup efforts following flooding from Hurricane Helene.
Financially, TVA is reporting strong momentum. Since August 2024, the agency has raised $5.8 billion in long-term funding at favorable rates, including a $1.25 billion bond issue earlier this month.
Moul emphasized that TVA’s public power model continues to deliver low costs and high reliability. Residential rates remain lower than those paid by nearly 80% of customers nationwide, while industrial rates rank among the lowest 10%.
TVA Board Member and Lyon County’s Wade White noted that commitment to energy balance and national self-reliance has been key for the organization — especially in the last 30 years.
In fiscal 2024, TVA helped attract $8.9 billion in projected investment, supporting more than 10,000 new jobs and retaining over 42,000 across the region.
White’s Full Statements:
