NOTES TO THE FINANCIAL STATEMENTS 104

Note 11. Other Assets

Other Assets as of September 30, 2021, and 2020

(In billions of dollars) 2021 2020

Regulatory assets................................................................................................ 17.5................................ 20.0.............................

Investments in Multilateral Development Banks ................................................................ 8.5 ................................ 8.2 ..................

Buildout/enhancement of nationwide public safety broadband network................................ 5.3 ................................ 4.8 .................

DOE's operating non-federal generation ................................................................ 3.4 ................................ 3.5............................

Other................................................................................................................................ 4.0 ................................ 6.2 ...............

Total other assets ................................................................................................ 38.7 ................................ 42.7 ..........................

In FY 2021, the presentation for other assets was modified to remove advances and prepayments and report that

information in a separate note, Note 10—Advances and Prepayments.

DOE and TVA record regulatory assets in accordance with FASB ASC Topic 980, Regulated Operations. The

provisions of this standard require that regulated enterprises reflect rate actions of the regulator in their financial statements,

when appropriate. These rate actions can provide reasonable assurance of the existence of an asset, reduce or eliminate the

value of an asset, or impose a liability on a regulated enterprise. In order to defer incurred costs under FASB ASC Topic 980,

a regulated entity must have the statutory authority to establish rates that recover all costs, and those rates must be charged to

and collected from customers. If rates should become market-based, FASB ASC Topic 980 would no longer be applicable,

and all the deferred costs under that standard would be expensed. DOE’s BPA is responsible for repaying Treasury for

transmission and power-generating assets owned by other entities based on this deferred cost. Other regulatory assets for

DOE include BPA’s fixed schedule of benefit payments for investor-owned utility customers, repayment of debt for

terminated nuclear projects, and deferred energy conservation measures relating to fish and wildlife. TVA’s regulatory assets

represent incurred costs that have been deferred because such costs are probable of future recovery in customer rates.

On behalf of the U.S., Treasury invests in certain MDB, through subscriptions to capital, which allows the MDB to

issue loans at market-based rates to middle-income developing countries. These paid-in capital investments are

nonmarketable equity investments valued at cost.

DOC’s cost contribution to buildout/continuing enhancement of the Nationwide Public Safety Broadband network

embodies future economic benefits to the National Telecommunications and Information Administration. Achieving this

important mission will ensure the operation and maintenance of the first high-speed, nationwide wireless broadband network

dedicated to public safety. Please refer to Note 29—Public-Private Partnerships for additional information.

DOE’s BPA is party to long-term contracts to acquire all the generating nuclear and hydroelectric capability of Energy

Northwest’s Columbia Generating Station and Lewis County Public Utility District’s Cowlitz Falls Hydroelectric Project.

These contracts require that BPA meet all the facilities’ operating, maintenance, and debt service costs until their license

termination dates.

Items included in Other are derivative assets, FDIC receivables from resolution activity, non-federal nuclear

decommissioning trusts, and the balance of assets held by the experience rated carriers participating in the Health Benefits

and Life Insurance Programs (pending disposition on behalf of OPM).