$TVE

Tennessee Valley Authority

CIK:0001376986|SEC Filings

Statement of Income (Statement) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Statement of Income (Statement) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Regulated Operating Revenue	$ 3,389	$ 3,261	$ 9,877	$ 9,613
Regulated and Unregulated Operating Revenue	3,442	3,306	10,037	9,758
Utilities Operating Expense, Fuel Used	685	589	1,882	1,674
Utilities Operating Expense, Purchased Power	563	550	1,561	1,516
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses	964	922	2,695	2,771
Utilities Operating Expense, Depreciation and Amortization	448	572	1,530	1,691
Utilities Operating Expense, Taxes	171	156	492	460
Operating Expenses	2,831	2,789	8,160	8,112
Operating Income (Loss)	611	517	1,877	1,646
Other Nonoperating Income (Expense)	34	29	89	58
Defined Benefit Plan, Other Cost (Credit)	22	27	68	79
Interest and Debt Expense	316	307	933	880
Net Income (Loss)	307	212	965	745
Other Operating Segment
Unregulated Operating Revenue	$ 53	$ 45	$ 160	$ 145

Statement of Cash Flows (Statement) $ in Millions	9 Months Ended
Statement of Cash Flows (Statement) $ in Millions	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)
Depreciation, Amortization and Accretion, Net	$ 1,549	$ 1,707
Amortization of Nuclear Fuel	266	208
Pension and Other Postretirement Benefits Cost (Reversal of Cost)	92	112
Reg Asset Amortization	(86)	(38)
Increase (Decrease) in Accounts Receivable	(20)	(76)
Increase (Decrease) in Inventories	(137)	(67)
Increase (Decrease) in Accounts Payable and Accrued Liabilities	(159)	3
Increase (Decrease) in Interest Payable, Net	(20)	31
Payment for Pension Benefits	(236)	(235)
Asset Retirement Obligation, Cash Paid to Settle	(202)	(190)
Increase (Decrease) in Other Operating Assets and Liabilities, Net	(129)	(124)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	1,883	2,076
Payments to Acquire Property, Plant, and Equipment	(2,874)	(3,461)
Payments for (Proceeds from) Nuclear Fuel	(274)	(198)
Proceeds from Contribution in Aid of Construction, Investing Activity	86	95
Payments to Acquire Assets, Investing Activities	(4)	(4)
Payments to Acquire Loans Receivable	(10)	0
Proceeds from Collection of Loans Receivable	4	10
Payment for (Proceeds from) Other Investing Activity	73	(70)
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	(2,999)	(3,628)
Proceeds from Issuance of Unsecured Debt	0	2,722
Proceeds from Issuance of Debt	2,000	800
Repayments of Unsecured Debt	(1,370)	(1,022)
Repayments of Other Long-Term Debt	(29)	(23)
Proceeds from (Repayments of) Short-Term Debt	499	(847)
Finance Lease, Principal Payments	(54)	(50)
Payments of Financing Costs	(25)	(25)
Proceeds from (Payment for) Other Financing Activity	3	(4)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	1,024	1,551
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	(92)	(1)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	1,505
Net Income (Loss)	$ 965	$ 745

Statement of Financial Position, Classified (Statement) - USD ($) $ in Millions	Jun. 30, 2026	Sep. 30, 2025
Statement of Financial Position [Abstract]
Cash and Cash Equivalent	$ 1,416	$ 1,576
Accounts Receivable, after Allowance for Credit Loss, Current	2,172	2,119
Inventory, Net	1,264	1,193
Regulatory Asset, Current	233	127
Other Assets, Current	279	162
Assets, Current	5,432	5,177
Completed Plant	71,403	71,574
Property, Plant, and Equipment, Accumulated Depreciation, Depletion, and Amortization	(39,343)	(38,716)
Net Completed Plant	32,060	32,858
Construction in Progress, Gross	8,073	6,760
Nuclear Fuel, Net of Amortization	1,226	1,185
Finance Lease, Asset	608	663
Public Utilities, Property, Plant and Equipment, Net	41,967	41,466
Long-Term Investments	6,245	5,573
Regulatory Asset, Noncurrent	7,496	8,047
Operating Lease, Right-of-Use Asset	75	113
Other Assets, Noncurrent	429	506
Investments and Other Noncurrent Assets	8,000	8,666
Assets	61,644	60,882
Accounts Payable and Accrued Liabilities, Current	3,148	3,299
Interest Payable, Current	330	348
Asset Retirement Obligation, Current	313	313
Regulatory Liability, Current	215	228
Short-Term Debt	500	0
Unsecured Debt, Current	1,020	1,370
Other Long-Term Debt, Current	75	49
Liabilities, Current	5,601	5,607
Liability, Defined Benefit Plan, Noncurrent	1,987	2,183
Asset Retirement Obligations, Noncurrent	9,222	10,101
Finance Lease, Liability	600	640
Other Liabilities, Noncurrent	1,436	1,606
Regulatory Liability, Noncurrent	321	141
Liabilities, Other than Long-Term Debt, Noncurrent	13,566	14,671
Unsecured Long-Term Debt, Noncurrent	19,443	20,461
Other Long-Term Debt, Noncurrent	3,551	1,632
Long-Term Debt, Excluding Current Maturities	22,994	22,093
Total Liabilities	42,161	42,371
Power Program Appropriation Investment	258	258
Power Program Retained Earnings	18,762	17,797
Total Power Program Proprietary Capital	19,020	18,055
Nonpower Programs Appropriation investment, net	504	510
Accumulated Other Comprehensive Income (Loss), Net of Tax	(41)	(54)
Proprietary Capital	19,483	18,511
Liabilities and Equity	61,644	60,882
CCCGL
Restricted Cash	$ 68	$ 0