Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 283

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 2
Chunk 283
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 as reductions of revenue.  Incentives recorded as a reduction to revenue were $80 million for both the three months ended June 30, 2025 and 2024.  Incentives recorded as a reduction to revenue were $248 million and $233 million for the nine months ended June 30, 2025 and 2024, respectively.  Incentives that have been approved but have not been paid are recorded in Accounts payable and accrued liabilities and Other long-term liabilities on the Consolidated Balance Sheets.  At June 30, 2025, and September 30, 2024, the outstanding unpaid incentives were $197 million and $187 million, respectively.  Incentives that have been paid out may be subject to claw back if the customer fails to meet certain program requirements. 

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17.  Other Income, Net 

Income and expenses not related to TVA's operating activities are summarized in the following table:Other Income, Net(in millions) Three Months Ended June 30Nine Months Ended June 30 2025202420252024Interest income$10 $10 $31 $30 External services8 4 22 12 Gains on investments10 2 8 16 Miscellaneous1 (2)(3)(3)Total other income, net$29 $14 $58 $55 

18.  Supplemental Cash Flow Information 

Construction in progress and nuclear fuel expenditures included in Accounts payable and accrued liabilities at June 30, 2025 and 2024, were $961 million and $703 million, respectively, and are excluded from the Consolidated Statements of Cash Flows for the nine months ended June 30, 2025 and 2024 as non-cash investing activities.  ARO project accruals included in Accounts payable and accrued liabilities at June 30, 2025 and 2024, were $41 million and $46 million, respectively, and are excluded from the Consolidated Statements of Cash Flows for the nine months ended June 30, 2025 and 2024, as non-cash operating activities.Cash flows from swap contracts that are accounted for as hedges are classified in the same category as the item beinghedged or on a basis consistent with the nature of the instrument.