Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 256

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 2
Chunk 256
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9)(178)(187)Revisions in estimate (non-cash)2 (24)(22)Accretion (recorded as regulatory asset)130 197 327 Balance at June 30, 2025$3,937 $6,987 $10,924 (1)Note(1)  Includes $316 million and $283 million at June 30, 2025, and September 30, 2024, respectively, in Current liabilities.Revisions in non-nuclear estimates decreased the liability balance by $24 million for the nine months ended June 30, 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 June 30, 2025, and September 30, 2024, consisted of the following:Debt Outstanding (in millions) At June 30, 2025At September 30, 2024Short-term debt  Short-term debt, net of discounts$319 $1,167 Current maturities of power bonds issued at par1,370 1,022 Current maturities of long-term debt of VIEs issued at par48 37 Total current debt outstanding, net1,737 2,226 Long-term debt  Long-term power bonds(1)19,389 17,995 Long-term debt of VIEs, net1,651 897 Unamortized discounts, premiums, issue costs, and other(160)(128)Total long-term debt, net20,880 18,764 Total debt outstanding$22,617 $20,990 Note(1)  Includes total net exchange gain from currency transactions of $48 million and $62 million at June 30, 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,