Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 476

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 476
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 credit facility.  This credit facility has a maturity date of September 30, 2026, and is typically renewed annually.  Access to this credit facility or other similar financing arrangements has been available to TVA since the 1960s.  See Note 15 — Debt and Other Obligations — Credit Facility Agreements.In the normal course of business, TVA contracts with other federal agencies for sales of electricity and other services.   Transactions with agencies of the federal government were as follows:

148

Related Party TransactionsAt or for the years ended September 30(in millions) 202520242023Revenue from sales of electricity$132 $118 $120 Other income309 273 282 Expenditures Operating expenses264 241 234 Additions to property, plant, and equipment13 12 8 Cash and cash equivalents31 31 31 Accounts receivable, net89 81 87 Investment funds534 495 391 Long-term accounts receivable43 35 38 Accounts payable and accrued liabilities41 45 42 Long-term power bonds, net4 3 1 Return on power program appropriation investment8 7 6 

25.  Segment Reporting

TVA operates as a single reportable segment that includes the generation, transmission, and sale of electricity throughout the Tennessee Valley.  Revenue is primarily derived from wholesale electricity sales to LPCs and directly served customers.  TVA's Chief Executive Officer ("CEO") serves as the CODM.  The CODM uses net income in the annual planning process and to monitor budget versus actual results on a monthly basis in assessing financial performance and in determining how to allocate resources.The following table includes operating revenues, expenses, and net income as regularly provided to the CODM, which align directly to the amounts presented in TVA’s Consolidated Statements of Operations.  As the segment measure used by the CODM is net income, no reconciliation is necessary.For the years ended September 30(in millions)20252024(2)2023(2)Base Revenue$9,415 $8,725 $7,863 Fuel Revenue4,068 3,398 4,025 Other Revenue189191 166 Total Operating Revenue13,672 12,314 12,054 Fuel2,376 2,169 2,549 Purchased Power2,106 1,581 1,633 Operating and Maintenance3,717