Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 22

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 22
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 of factors, including, but not limited to, changes in assumptions about system load growth, environmental regulation, rates of inflation, total cost of major projects, and availability and cost of external sources of capital.  See Forward-Looking Information and Part I, Item 1A, Risk Factors.

TVA has certain obligations and commitments to make future payments, including contracts executed in connection with certain of the planned construction expenditures.  TVA estimates total commitments and contingencies at September 30, 2025, are approximately $6.7 billion for the year ended September 30, 2026, and $55.5 billion for the years thereafter, of which $4.6 billion and $28.0 billion, respectively, are set forth in the table below.  See Note 9 — Leases, Note 12 — Variable Interest Entities, Note 15 — Debt and Other Obligations, Note 21 — Benefit Plans, and Note 23 — Commitments and Contingencies for the obligations and commitments attributable to leases, VIEs and membership interests of VIEs subject to mandatory redemption, debt and leaseback obligations, the retirement plan, and unconditional purchase obligations, respectively, for remaining amounts.

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Other Commitments and ContingenciesPayments due for the years ending September 30 (in millions) 20262027202820292030ThereafterTotalInterest payments relating to debt(1)$1,143 $1,082 $1,046 $1,021 $1,017 $11,767 $17,076 Interest payments relating to debt of VIEs83 80 79 75 74 817 1,208 Interest payments relating to membership interests of VIEs subject to mandatory redemption1 1 1 1 1 1 6 Purchase obligations Power(2)610 447 273 209 177 1,024 2,740 Fuel(3)1,831 1,340 1,043 649 576 4,404 9,843 Other(4)900 441 69 47 25 235 1,717 Total$4,568 $3,391 $2,511 $2,002 $1,870 $18,248 $32,590 

Notes

(1)  Includes the effects of interest rate derivatives employed to manage interest rate risk.

(2)