Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 117

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 3
Chunk 117
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ized gains 

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Table of Contents                               Draft 4.0                    04/24/2025 5:00 PM

(losses) for the three and six months ended March 31, 2025 and for the three and six months ended March 31, 2024.(2)  Of the amount recognized for the three months ended March 31, 2025, $12 million and $2 million were reported in Fuel expense and Purchased power expense, respectively, and of the amount recognized for the three months ended March 31, 2024, $83 million and $18 million were reported in Fuel expense and Purchased power expense, respectively.  Of the amount recognized for the six months ended March 31, 2025, $42 million and $9 million were reported in Fuel expense and Purchased power expense, respectively, and of the amount recognized for the six months ended March 31, 2024, $127 million and $28 million were reported in Fuel expense and Purchased power expense, respectively.Fair Values of TVA Derivatives(in millions) At March 31, 2025At September 30, 2024Derivatives That Receive Hedge Accounting Treatment:BalanceBalance Sheet PresentationBalanceBalance Sheet PresentationCurrency swaps    £250 million Sterling$(63)Accounts payable and accrued liabilities $(5); Other long-term liabilities $(58)$(49)Accounts payable and accrued liabilities $(4); Other long-term liabilities $(45)£150 million Sterling(76)Accounts payable and accrued liabilities $(3); Other long-term liabilities $(73)(67)Accounts payable andaccrued liabilities $(3); Other long-term liabilities $(64)Derivatives That Do Not Receive Hedge Accounting Treatment:BalanceBalance Sheet PresentationBalanceBalance Sheet PresentationInterest rate swaps    $1.0 billion notional$(531)Accounts payable andaccrued liabilities $(10); Accrued interest $(28); Other long-term liabilities$(493)$(622)Accounts payable andaccrued liabilities $(10); Accrued interest $(26); Other long-term liabilities $(586)$476 million notional(176)Accounts payable andaccrued liabilities $(3); Accrued interest $(9);Other long-term liabilities$(164)(218)Accounts payable andaccrued liabilities $(3); Accrued interest $(9);Other long-term liabilities$(206)Commodity contract derivatives5 Other current assets $10; Accounts payable and accrued liabilities $(