Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 311

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 2
Chunk 311
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 and unrealized gains and losses on equity and trading debt securities are recognized in current earnings and are based on average cost.  The gains and losses of the NDT and ART are subsequently reclassified to a regulatory asset or liability account in accordance with TVA's regulatory accounting policy.  See Note 1 — Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements in the Annual Report and Note 9 — Regulatory Assets and Liabilities.  TVA recorded unrealized gains and losses related to its equity and trading debt securities held during each period as follows:Unrealized Investment Gains (Losses)(1)(in millions) Three Months Ended March 31 Six Months Ended March 31FundFinancial Statement Presentation2025202420252024NDTRegulatory assets(2)$8 $54 $(67)$251 ARTRegulatory assets(3)(8)34 (28)123 SERPOther income, net— 2 (6)9 DCPOther income, net(1)1 (2)2 Notes(1)  The unrealized gains for the RP were less than $1 million for both the three and six months ended March 31, 2025 and three and six months ended March 31, 2024, and therefore were not represented in the table above.(2)  Includes $33 million of unrealized losses and $24 million of unrealized gains related to NDT equity securities (excluding commingled funds) for the three months ended March 31, 2025 and 2024, respectively.  Includes $61 million of unrealized losses and $70 million of unrealized gains related to NDT equity securities (excluding commingled funds) for the six months ended March 31, 2025 and  2024, respectively.(3)  Includes $6 million of unrealized losses and $8 million of unrealized gains related to ART equity securities (excluding commingled funds) for the three months ended March 31, 2025 and 2024, respectively.  Includes $14 million of unrealized losses and $24 million of unrealized gains related to ART equity securities (excluding commingled funds) for the six months ended March 31, 2025 and  2024, respectively.

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