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A judge has sentenced a Clarksville woman convicted of assault for pouring hot oatmeal on her husband to diversion.More >> A judge has sentenced a Clarksville woman convicted of assault for pouring hot oatmeal on her husband to diversion.More >> U.S. Sen. Lamar Alexander says the Tennessee Valley Authority will help keep a federal fish hatchery in East Tennessee stay open for at least three more years.More >> U.S. Sen. Lamar Alexander says the Tennessee Valley Authority will help keep a federal fish hatchery in East Tennessee stay open for at least three more years.More >> A Maryville man is dead after a fiery wreck on Saturday morning, according to a Tennessee Highway Patrol accident report.More >> A Maryville man is dead after a fiery wreck on Saturday morning, according to a Tennessee Highway Patrol accident report.More >> Kenny Hall, former Vol basketball player is talking about his dealings with a University of Tennessee administrator in trouble for possible inappropriate relationships with student athletes.More >> Kenny Hall, former Vol basketball player is talking about his dealings with a University of Tennessee administrator in trouble for possible inappropriate relationships with student athletes.More >> A Kentucky veteran who was working as a civilian contractor in Afghanistan has died in an explosion in Kabul that killed at least 15 people including six Americans.More >> A Kentucky veteran who was working as a civilian contractor in Afghanistan has died in an explosion in Kabul that killed at least 15 people including six Americans.More >> A gang leader has been sentenced to serve more than 78 years in a federal prison for his role in three armed home invasion robberies in Nashville.More >> A gang leader has been sentenced to serve more than 78 years in a federal prison for his role in three armed home invasion robberies in Nashville.More >> A traffic crash in Memphis has thrown several children out of vehicles near a school.More >> Officials say a morning traffic crash in Memphis injured children who were ejected from a vehicle.More >> With no end in site for the federal sequestration, many attractions in the Great Smoky Mountains National Park remain closed.More >> With no end in site for the federal sequestration, many attractions in the Great Smoky Mountains National Park remain closed.More >> A Southern staple is taking center stage in downtown Knoxville this weekend.More >> A Southern staple is taking center stage in downtown Knoxville this weekend.More >> The co-chair of a local tea party group traveled to Washington D.C. Friday for a hearing on the IRS scandal involving the agency allegedly purposely targeting conservative groups.More >> The co-chair of a local tea party group traveled to Washington D.C. Friday for a hearing on the IRS scandal involving the agency allegedly purposely targeting conservative groups.More >>
KNOXVILLE (AP) - The Tennessee Valley Authority reported a net loss of $245 million on operating revenues of $2.58 billion in the first quarter of fiscal year 2013 as electricity sales were flat and fuel expenses increased.
TVA said in a news release Tuesday that their quarterly filing with the Securities and Exchange Commission shows that total electricity sales increased by a slight 0.2% and total operating expenses were 4% higher than the same period last year, driven by a 24% increase in fuel expense.
The utility said those expenses were offset by a decline in purchased power expenses as TVA used more of its own generation sources to meet demand.
Also the utility had $111 million increase in expenses from nuclear refueling outages in the first quarter.
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