Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 150

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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5September 30, 2024Current assets  Cash and cash equivalents$501 $502 Accounts receivable, net1,887 1,801 Inventories, net1,184 1,155 Regulatory assets152 191 Other current assets169 120 Total current assets3,893 3,769 Property, plant, and equipment  Completed plant71,902 70,989 Less accumulated depreciation(38,871)(38,793)Net completed plant33,031 32,196 Construction in progress6,016 4,879 Nuclear fuel1,231 1,261 Finance leases684 729 Total property, plant, and equipment, net40,962 39,065 Investment funds5,277 4,968 Regulatory and other long-term assets  Regulatory assets9,137 9,408 Operating lease assets, net of amortization126 149 Other long-term assets490 344 Total regulatory and other long-term assets9,753 9,901 Total assets$59,885 $57,703 The accompanying notes are an integral part of these consolidated financial statements.

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TENNESSEE VALLEY AUTHORITY

CONSOLIDATED BALANCE SHEETS (Unaudited)

(in millions)

LIABILITIES AND PROPRIETARY CAPITALJune 30, 2025September 30, 2024Current liabilities  Accounts payable and accrued liabilities$2,979 $2,910 Accrued interest314 280 Asset retirement obligations316 283 Regulatory liabilities202 174 Short-term debt, net319 1,167 Current maturities of power bonds1,370 1,022 Current maturities of long-term debt of variable interest entities48 37 Total current liabilities5,548 5,873 Other liabilities  Post-retirement and post-employment benefit obligations2,678 2,887 Asset retirement obligations10,608 10,523 Finance lease liabilities670 700 Other long-term liabilities1,507 1,712 Regulatory liabilities85 83 Total other liabilities15,548 15,905 Long-term debt, netLong-term power bonds, net19,229 17,867 Long-term