Company: TVC
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001376986-25-000011
Chunk: 232

Company: Tennessee Valley Authority
Filing Date: 2025-02-05
Form: 10-Q
Item: Part II, Item 3
Chunk 232
---
 $10,822 (1)Note(1)  Includes $301 million and $283 million at December 31, 2024, and September 30, 2024, respectively, in Current liabilities.Revisions in non-nuclear estimates decreased the liability balance by $24 million for the three months ended December 31, 2024.  The decrease was primarily attributable to a change in closure liabilities of $34 million at Paradise Fossil Plant based on scope changes, new vendor bids, and updated cost estimates for activities associated with final closure.  The decrease was partially offset by increased revisions in estimates of $16 million related to the final legacy coal combustion residual rule ("Legacy CCR Rule").

21

12.  Debt and Other Obligations 

Debt OutstandingTotal debt outstanding at December 31, 2024, and September 30, 2024, consisted of the following:Debt Outstanding (in millions) At December 31, 2024At September 30, 2024Short-term debt  Short-term debt, net of discounts$1,357 $1,167 Current maturities of power bonds issued at par2,372 1,022 Current maturities of long-term debt of VIEs issued at par46 37 Total current debt outstanding, net3,775 2,226 Long-term debt  Long-term power bonds(1)16,610 17,995 Long-term debt of VIEs, net1,675 897 Unamortized discounts, premiums, issue costs, and other(125)(128)Total long-term debt, net18,160 18,764 Total debt outstanding$21,935 $20,990 Note(1)  Includes total net exchange gain from currency transactions of $96 million and $62 million at December 31, 2024, and September 30, 2024, respectively.Debt Securities ActivityThe table below summarizes the long-term debt securities activity for the period from October 1, 2024, to December 31, 2024:Debt Securities Activity DateAmount(in millions)IssuesDebt of variable interest entitiesOctober 2024$800 Total$800 Redemptions/Maturities(1) 2009 Series BDecember 2024$1 Total redemptions/maturities of debt$1 Note(1)  All redemptions