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The TCA cycle operates under aerobic conditions despite O2 not directly participating, as ATP and NADPH produced are utilized in the electron transport chain where O2 is essential. The complete oxidative degradation of phosphoenolpyruvate (PEP) to CO2 and H2O generates a net of 1 ATP due to the activity of the glycerol phosphate shuttle. During glycolysis, the conversion of PEP to pyruvate produces 2 ATP, but one is offset by the reduction of 1 ATP when dihydroxyacetone phosphate is converted to glycerol-3-phosphate.
