TVA posts drop in fiscal Q2'19 net income, citing mild weather
Tennessee Valley Authority on May 2 reported net income of $241 million for the second quarter of its fiscal 2019, down from $462 million recorded in the same period of fiscal 2018.
The decline in net income was driven by milder than normal weather during the months of January 2019 and February 2019, resulting in lower energy sales, according to TVA.
Operating revenues were $2.75 billion for the three months ending March 31, compared with $2.79 billion in the prior-year period. Power...