Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 387

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 387
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7.  Net Completed Plant

Net completed plant consisted of the following:Net Completed PlantAt September 30(in millions) 20252024 CostAccumulated Depreciation NetCostAccumulated DepreciationNetNuclear$27,091 $14,682 $12,409 $26,800 $14,149 $12,651 Coal-fired(1)19,029 15,760 3,269 20,177 16,635 3,542 Gas, oil-fired, and other production7,746 2,274 5,472 7,051 2,112 4,939 Transmission10,323 3,542 6,781 9,964 3,450 6,514 Hydroelectric4,391 1,352 3,039 4,307 1,288 3,019 Other electrical plant2,068 678 1,390 1,763 737 1,026 Multipurpose dams900 419 481 900 413 487 Other stewardship26 9 17 27 9 18 Total$71,574 $38,716 $32,858 $70,989 $38,793 $32,196 Note

(1)  TVA recognized accelerated depreciation as a result of the decision to idle or retire certain units and the potential retirement of the remainder of the coal-fired fleet by 2035.  See Note 8 — Plant Closures. 

8.  Plant Closures

BackgroundTVA must continuously evaluate all generating assets to ensure an optimal energy portfolio that provides safe and reliable power while maintaining flexibility and fiscal responsibility to the people of the Tennessee Valley.  In January 2023, TVA issued its Record of Decision to retire two coal-fired units at Cumberland Fossil Plant ("Cumberland") by the end of CY 2026 and CY 2028.  In April 2024, TVA issued its Record of Decision to retire the nine coal-fired units at Kingston Fossil Plant ("Kingston") by CY 2027.  TVA is evaluating the impact of retiring the balance of the coal-fired fleet by 2035, and that evaluation includes 

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environmental reviews and TVA Board approval.  TVA is also reviewing how recent executive orders, the