TVA’s financial statement filed with the Securities and Exchange Commission (SEC) showed fuel and power purchased expenses up nearly $2 billion in FY ’22 compared to the previous fiscal year. “Total operating expenses rose $2.5 billion for the year that ended Sept. 30, as compared to the prior year.
These increases were primarily due to higher natural gas and coal prices, along with increased market prices of purchased power. TVA said its fuel expenses alone rose by $830 million year-over-year. TVA said the average price of natural gas was almost 90% higher in 2022 as compared to 2021.”