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TVA announces third quarter financials

Reported by: Mel Carlock
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Updated: 8/05 1:14 pm
KNOXVILLE, Tenn. (WTVA) -- The Tennessee Valley Authority says fiscal 2014 is shaping up nicely for the utility.

The morning, TVA reported $147 million in profit on nearly $7.9 billion in revenue during the first nine months of the financial year.

The utility also reported a reduction of operating and maintenance costs by nearly seven percent during the third quarter.

Total sales are down three percent compared to last year, mostly due to lower fuel costs and milder weather.
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