Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 219

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 219
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 six months ended March 31, 2025 and for the three and six months ended March 31, 2024.(2)  Of the amount recognized for the three months ended March 31, 2025, $12 million and $2 million were reported in Fuel expense and Purchased power expense, respectively, and of the amount recognized for the three months ended March 31, 2024, $83 million and $18 million were reported in Fuel expense and Purchased power expense, respectively.  Of the amount recognized for the six months ended March 31, 2025, $42 million and $9 million were reported in Fuel expense and Purchased power expense, respectively, and of the amount recognized for the six months ended March 31, 2024, $127 million and $28 million were reported in Fuel expense and Purchased power expense, respectively.Fair Values of TVA Derivatives(in millions) At March 31, 2025At September 30, 2024Derivatives That Receive Hedge Accounting Treatment:BalanceBalance Sheet PresentationBalanceBalance Sheet PresentationCurrency swaps    £250 million Sterling$(63)Accounts payable and accrued liabilities $(5); Other long-term liabilities $(58)$(49)Accounts payable and accrued liabilities $(4); Other long-term liabilities $(45)£150 million Sterling(76)Accounts payable and accrued liabilities $(3); Other long-term liabilities $(73)(67)Accounts payable andaccrued liabilities $(3); Other long-term liabilities $(64)Derivatives That Do Not Receive Hedge Accounting Treatment:BalanceBalance Sheet PresentationBalanceBalance Sheet PresentationInterest rate swaps    $1.0 billion notional$(531)Accounts payable andaccrued liabilities $(10); Accrued interest $(28); Other long-term liabilities$(493)$(622)Accounts payable andaccrued liabilities $(10); Accrued interest $(26); Other long-term liabilities $(586)$476 million notional(176)Accounts payable andaccrued liabilities $(3); Accrued interest $(9);Other long-term liabilities$(164)(218)Accounts payable andaccrued liabilities $(3); Accrued interest $(9);Other long-term liabilities$(206)Commodity contract derivatives5 Other current assets $10; Accounts payable and accrued liabilities $(2); Other long-term liabilities $(3)2 Other current assets $5; Other long-term assets $2; Accounts payable and accrued liabilities $(3); Other long-term liabilities $(2)Com