Company: TVC
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001376986-25-000011
Chunk: 88

Company: Tennessee Valley Authority
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 equipment, net39,918 39,065 Investment funds4,919 4,968 Regulatory and other long-term assets  Regulatory assets9,287 9,408 Operating lease assets, net of amortization157 149 Other long-term assets374 344 Total regulatory and other long-term assets9,818 9,901 Total assets$58,363 $57,703 The accompanying notes are an integral part of these consolidated financial statements.

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Table of Contents                               

TENNESSEE VALLEY AUTHORITY

CONSOLIDATED BALANCE SHEETS (Unaudited)

(in millions)

LIABILITIES AND PROPRIETARY CAPITALDecember 31, 2024September 30, 2024Current liabilities  Accounts payable and accrued liabilities$2,781 $2,910 Accrued interest290 280 Asset retirement obligations301 283 Regulatory liabilities186 174 Short-term debt, net1,357 1,167 Current maturities of power bonds2,372 1,022 Current maturities of long-term debt of variable interest entities46 37 Total current liabilities7,333 5,873 Other liabilities  Post-retirement and post-employment benefit obligations2,801 2,887 Asset retirement obligations10,521 10,523 Finance lease liabilities689 700 Other long-term liabilities1,479 1,712 Regulatory liabilities78 83 Total other liabilities15,568 15,905 Long-term debt, netLong-term power bonds, net16,485 17,867 Long-term debt of variable interest entities, net1,675 897 Total long-term debt, net18,160 18,764 Total liabilities41,061 40,542 Contingencies and legal proceedings (Note 20)Proprietary capital  Power program appropriation investment258 258 Power program retained earnings16,562 16,437 Total power program proprietary capital16,820 16,695 Nonpower programs appropriation investment, net516 518 Accumulated other comprehensive loss(34)(52)Total proprietary capital17,302 17,161 Total liabilities and proprietary capital$58,363 $57,703 The accompanying notes are an integral part of these consolidated financial statements.

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 TENNESSEE VALLEY AUTHORITY

 CONSOLIDATED STATEMENTS OF C