Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 239

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 239
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 2025 Series B(3)1,500 — 2025 Series C(4)1,250 — Discount on debt issues(33)(9)Total$4,767 $991 Redemptions/Maturities(5) 2009 Series B$22 $22 2014 Series A— 1,000 2020 Series A1,000 — Total redemptions/maturities of power bonds1,022 1,022 Debt of variable interest entities41 35 Total redemptions/maturities of debt$1,063 $1,057 Notes(1)  The 2024 Series A Bonds were issued at 99.109 percent of par.(2)  The 2025 Series A Bonds were issued at 98.517 percent of par. (3)  The 2025 Series B Bonds were issued at 99.360 percent of par.(4)  The 2025 Series C Bonds were issued at 99.593 percent of par. (5)  All redemptions were at 100 percent of par.Debt Outstanding    Total debt outstanding at September 30, 2025 and 2024, consisted of the following: Short-Term DebtAt September 30(in millions) CUSIP or Other Identifier Maturity Coupon Rate20252024Short-term debt, net of discounts$— $1,167 Current maturities of long-term debt of variable interest entities49 37 Current maturities of power bonds issued at par880591EW85/15/20250.750%— 1,000 880591CJ9(1)11/1/20256.750%1,350 — 880591EF512/15/20253.770%— 1 880591EF56/15/20263.770%20 21 Total current maturities of power bonds issued at par  1,370 1,022 Total current debt outstanding, net  $1,419 $2,226 Notes(1)  On November 1, 2025, TVA redeemed a $1.4 billion power bond due to maturity.  TVA's next significant power bond maturity is $1.0 billion in February 2027.

114

Long-Term DebtAt September 30(in millions) CUSIP or Other Identifier M