Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 284

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 2
Chunk 284
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 activity related to severance costs:Severance Cost Liability Activity(in millions)Severance cost liability at September 30, 2024$— Liabilities incurred during the period40 Actual costs paid during the period(2)Severance cost liability at March 31, 2025$38 

4.  Accounts Receivable, Net 

Accounts receivable primarily consist of amounts due from customers for power sales.  The table below summarizes the types and amounts of TVA's accounts receivable:Accounts Receivable, Net(in millions) At March 31, 2025At September 30, 2024Power receivables$1,604 $1,683 Other receivables131 118 Accounts receivable, net(1)$1,735 $1,801 Note(1)  Allowance for uncollectible accounts was less than $1 million at both March 31, 2025, and September 30, 2024, and therefore is not represented in the table above.

5.  Inventories, Net 

The table below summarizes the types and amounts of TVA's inventories:Inventories, Net(in millions) At March 31, 2025At September 30, 2024Materials and supplies inventory$970 $931 Fuel inventory284 286 Renewable energy certificates/emissions allowance inventory, net9 11 Allowance for inventory obsolescence(81)(73)Inventories, net$1,182 $1,155 

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6. Other Current Assets

Other current assets consisted of the following:Other Current Assets (in millions) At March 31, 2025At September 30, 2024Commodity contract derivative assets$106 $5 Prepaid software maintenance38 22 Inventory work-in-progress33 41 Prepaid insurance19 19 Current portion of prepaid long-term service agreements14 7 Cloud assets5 13 Other29 13 Other current assets$244 $120 

Commodity Contract Derivative Assets.  See Note 14 — Risk Management Activities and Derivative Transactions — Derivatives Not Receiving Hedge Accounting Treatment — Commodity Derivatives and — Commodity Derivatives under the FHP for