Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 272

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 272
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 plan experience.  These gains were partially offset by a $43 million actuarial loss from the decrease in the discount rate from 6.05 percent to 5.00 percent.

Amounts related to these benefit plans recognized on TVA's Consolidated Balance Sheets consist of regulatory assets  and liabilities that have not been recognized as components of net periodic benefit cost at September 30, 2025 and 2024, and the funded status of TVA's benefit plans, which are included in Accounts payable and accrued liabilities and Post-retirement and post-employment benefit obligations:Amounts Recognized on TVA's Consolidated Balance SheetsAt September 30(in millions) Pension BenefitsOther Post-Retirement Benefits 2025202420252024Regulatory assets (liabilities)$1,531 $1,979 $(131)$(81)Accounts payable and accrued liabilities(9)(6)(17)(20)Pension and post-retirement benefit obligations(1)(1,698)(2,323)(274)(333)Note

(1)  The table above excludes $208 million of post-employment benefit costs and $3 million of RP costs at September 30, 2025, and $230 million of post-employment benefit costs and $1 million of RP costs at September 30, 2024 that are recorded in Post-retirement and post-employment benefit obligations on the Consolidated Balance Sheets. 

Unrecognized amounts included in regulatory assets or liabilities yet to be recognized as components of accrued benefit cost at September 30, 2025 and 2024, consisted of the following:Post-Retirement Benefit Costs Deferred as Regulatory Assets (Liabilities)At September 30(in millions) Pension BenefitsOther Post-Retirement Benefits 2025202420252024Unrecognized prior service credit$(158)$(247)$(25)$(42)Unrecognized net loss (gain)1,689 2,226 (106)(39)Total regulatory assets (liabilities)$1,531 $1,979 $(131)$(81)

Information for the pension projected benefit obligation ("PBO") in excess of plan assets and other post-retirement accumulated postretirement benefit obligation ("APBO") has been disclosed in the Obligations and Funded Status table above.  The following table provides the pension plan accumulated benefit obligation ("ABO") in excess of plan assets.  The other post-retirement plans are unfunded or have no plan assets.