Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 194

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 194
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2024Current assets  Cash and cash equivalents$502 $502 Restricted cash of variable interest entity25 — Accounts receivable, net1,735 1,801 Inventories, net1,182 1,155 Regulatory assets241 191 Other current assets244 120 Total current assets3,929 3,769 Property, plant, and equipment  Completed plant70,811 70,989 Less accumulated depreciation(38,578)(38,793)Net completed plant32,233 32,196 Construction in progress6,276 4,879 Nuclear fuel1,271 1,261 Finance leases702 729 Total property, plant, and equipment, net40,482 39,065 Investment funds4,917 4,968 Regulatory and other long-term assets  Regulatory assets9,414 9,408 Operating lease assets, net of amortization140 149 Other long-term assets423 344 Total regulatory and other long-term assets9,977 9,901 Total assets$59,305 $57,703 The accompanying notes are an integral part of these consolidated financial statements.

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TENNESSEE VALLEY AUTHORITY

CONSOLIDATED BALANCE SHEETS (Unaudited)

(in millions)

LIABILITIES AND PROPRIETARY CAPITALMarch 31, 2025September 30, 2024Current liabilities  Accounts payable and accrued liabilities$2,913 $2,910 Accrued interest329 280 Asset retirement obligations316 283 Regulatory liabilities287 174 Short-term debt, net351 1,167 Current maturities of power bonds2,372 1,022 Current maturities of long-term debt of variable interest entities47 37 Total current liabilities6,615 5,873 Other liabilities  Post-retirement and post-employment benefit obligations2,740 2,887 Asset retirement obligations10,562 10,523 Finance lease liabilities681 700 Other long-term liabilities1,551 1,712 Regulatory liabilities81 83 Total other liabilities15,615 15,905 Long-term debt, netLong-term power bonds, net17,729 17,