TVA data center capacity deal worth $1.7 billion under new per-MW charge

The Tennessee Valley Authority signed its first deal under a new up-front charge for data centers, and it is worth $1.7 billion. In its annual report for the fiscal year ended September 30, filed Friday, the federal power producer said it entered into a Capacity Commitment Charge agreement on November 10 under which it is entitled to aggregate payments of $1.7 billion, an initial $31 million due on signing and the balance paid over 59 subsequent installments. TVA did not name the customer or the site.

Key Takeaways TVA's first disclosed Capacity Commitment Charge agreement is worth $1.7 billion, entered November 10 and disclosed in the 10-K filed November 13. The charge runs at about $1.5 mil…