Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 205

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 205
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8.  Other Long-Term Assets 

The table below summarizes the types and amounts of TVA's other long-term assets:Other Long-Term Assets(in millions)At March 31, 2025At September 30, 2024Loans and other long-term receivables, net$96 $84 Cloud assets76 35 Prepaid long-term service agreements67 62 Prepaid capital assets54 29 EnergyRight® receivables, net44 44 Commodity contract derivative assets8 2 Other78 88 Total other long-term assets$423 $344 

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

Loans and Other Long-Term Receivables.  At March 31, 2025, and September 30, 2024, the carrying amount of the loans receivable, net of discount, reported in Accounts receivable, net was $8 million and $21 million, respectively.  Loans receivables are reported net of allowances for uncollectible accounts.  See Note 1 — Summary of Significant Accounting Policies — Allowance for Uncollectible Accounts.  The allowance components, which consist of a collective allowance and specific loans allowance, are based on the risk characteristics of TVA's loans.  Loans that share similar risk characteristics are evaluated on a collective basis in measuring credit losses, while loans that do not share similar risk characteristics with other loans are evaluated on an individual basis.  Allowance Components(in millions)At March 31, 2025At September 30, 2024EnergyRight® loan reserve$1 $1 Economic development loan specific loan reserve1 1 Total allowance for loan losses$2 $2 Cloud Assets.  At March 31, 2025, and September 30, 2024, the carrying amount of the cloud assets reported in Other current assets was $5 million and $13 million, respectively.Prepaid Long-Term Service Agreements.  At March 31, 2025, and September 30, 2024, prepayments of $14 million and $7 million, respectively, were recorded in Other current assets.EnergyRight® Receivables.  In association with the EnergyRight® program, TVA's local power company customers ("LPCs") offer financing to end-use customers for the