Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 140

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 3
Chunk 140
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, respectively.  Incentives that have been paid out may be subject to claw back if the customer fails to meet certain program requirements. 

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

17.  Other Income, Net 

Income and expenses not related to TVA's operating activities are summarized in the following table:Other Income, Net(in millions) Three Months Ended March 31Six Months Ended March 31 2025202420252024Interest income$11 $10 $21 $20 External services5 4 14 8 Gains (loss) on investments— 5 (2)14 Miscellaneous(4)(1)(4)(1)Total other income, net$12 $18 $29 $41 

18.  Supplemental Cash Flow Information 

Construction in progress and nuclear fuel expenditures included in Accounts payable and accrued liabilities at March 31, 2025 and 2024, were $953 million and $568 million, respectively, and are excluded from the Consolidated Statements of Cash Flows for the six months ended March 31, 2025 and 2024 as non-cash investing activities.  ARO project accruals included in Accounts payable and accrued liabilities at March 31, 2025 and 2024, were $35 million and $47 million, respectively, and are excluded from the Consolidated Statements of Cash Flows for the six months ended March 31, 2025 and 2024, as non-cash operating activities.Cash flows from swap contracts that are accounted for as hedges are classified in the same category as the item beinghedged or on a basis consistent with the nature of the instrument.

19.  Benefit Plans 

TVA sponsors a pension plan that covers most of its full-time employees hired before July 1, 2014, a qualified defined contribution plan ("401(k) plan") that covers most of its full-time employees, two unfunded post-retirement health care plans that provide for non-vested contributions toward the cost of eligible retirees' medical coverage, other post-employment benefits, such as workers' compensation, the SERP, and the RP.  The pension plan and the 401(k) plan are administered by a separate legal entity, the TVA Retirement System ("TVARS"), which is governed by its own board of