Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 448

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 448
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 on the Consolidated Balance Sheets. 

Unrecognized amounts included in regulatory assets or liabilities yet to be recognized as components of accrued benefit cost at September 30, 2025 and 2024, consisted of the following:Post-Retirement Benefit Costs Deferred as Regulatory Assets (Liabilities)At September 30(in millions) Pension BenefitsOther Post-Retirement Benefits 2025202420252024Unrecognized prior service credit$(158)$(247)$(25)$(42)Unrecognized net loss (gain)1,689 2,226 (106)(39)Total regulatory assets (liabilities)$1,531 $1,979 $(131)$(81)

Information for the pension projected benefit obligation ("PBO") in excess of plan assets and other post-retirement accumulated postretirement benefit obligation ("APBO") has been disclosed in the Obligations and Funded Status table above.  The following table provides the pension plan accumulated benefit obligation ("ABO") in excess of plan assets.  The other post-retirement plans are unfunded or have no plan assets. Accumulated Benefit Obligations in Excess of Plan AssetsAt September 30(in millions) 20252024Accumulated benefit obligation$10,278 $10,971 Fair value of net plan assets8,594 8,673 

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The components of net periodic benefit cost for the years ended September 30, 2025, 2024, and 2023 were as follows:Components of Net Periodic Benefit Cost (1)For the years ended September 30(in millions) Pension BenefitsOther Post-Retirement Benefits 202520242023202520242023Service cost$32 $29 $32 $11 $11 $10 Interest cost526 579 568 17 21 18 Expected return on plan assets(505)(494)(492)— — — Amortization of prior service credit(89)(89)(88)(17)(17)(17)Recognized net actuarial loss (gain)173 99 135 (1)(1)(2)Total net periodic benefit cost137 124 155 10 14 9 Special/contractual termination benefits(2)— — — 1 — — Amount expensed due to actions of regulator— — 77 — — — Total net periodic benefit cost$137 $124