Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 451

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 10
Chunk 451
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 Other liabilitiesOther long-term liabilities15 16 Long-term debt, netLong-term debt of variable interest entities, net1,656 897 Total liabilities$1,748 $960 

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

Interest expense of $21 million and $12 million for the three months ended March 31, 2025 and 2024, respectively, and $43 million and $23 million for the six months ended March 31, 2025 and 2024, respectively, is included in the Consolidated Statements of Operations related to debt of VIEs and membership interests of VIEs subject to mandatory redemption.Creditors of the VIEs do not have any recourse to the general credit of TVA.  TVA does not have any obligations to provide financial support to the VIEs other than as prescribed in the terms of the agreements related to these transactions.