Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 113

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 3
Chunk 113
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5, and September 30, 2024, respectively, in Current liabilities.Revisions in non-nuclear estimates decreased the liability balance by $24 million for the six months ended March 31, 2025.  The decrease was primarily attributable to a change in closure liabilities of $34 million at Paradise Fossil Plant based on scope changes, new vendor bids, and updated cost estimates for activities associated with final closure.  The decrease was partially offset by increased revisions in estimates of $16 million related to the final legacy coal combustion residual rule ("Legacy CCR Rule").

13.  Debt and Other Obligations 

Debt OutstandingTotal debt outstanding at March 31, 2025, and September 30, 2024, consisted of the following:Debt Outstanding (in millions) At March 31, 2025At September 30, 2024Short-term debt  Short-term debt, net of discounts$351 $1,167 Current maturities of power bonds issued at par2,372 1,022 Current maturities of long-term debt of VIEs issued at par47 37 Total current debt outstanding, net2,770 2,226 Long-term debt  Long-term power bonds(1)17,876 17,995 Long-term debt of VIEs, net1,656 897 Unamortized discounts, premiums, issue costs, and other(147)(128)Total long-term debt, net19,385 18,764 Total debt outstanding$22,155 $20,990 Note(1)  Includes total net exchange gain from currency transactions of $80 million and $62 million at March 31, 2025, and September 30, 2024, respectively.

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Debt Securities ActivityThe table below summarizes the long-term debt securities activity for the period from October 1, 2024, to March 31, 2025:Debt Securities Activity DateAmount(in millions)IssuesDebt of variable interest entitiesOctober 2024$800 2025 Series A(1)February 20251,250 Discount on debt issues(19)Total long-term debt issues$2,031 Redemptions/Maturities(2) 2009 Series BDecember 202