TVA Income, Revenue Increase

KNOXVILLE, Tenn. (AP) - TVA says income and revenue both grew in the third quarter, though the lack of rain is still hurting the agency's bottom line.

For the three months ending June 30th, TVA reported net income of $194 million, compared to $162 million for the same period in 2006. Operating expenses and sales were essentially flat.

For the first three quarters, net income was $371 million, up from $123 million a year ago.

Total operating expenses grew about 2% for the first nine months of the fiscal year, compared to fiscal 2006, and power sales were up slightly.

TVA is the country's largest public utility and provides electricity to customers in parts of north Alabama.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 9193937 - local8now.com/a?a=9193937
Gray Television, Inc.