XML 33 R28.htm IDEA: XBRL DOCUMENT v2.3.0.15
Subsequent Events
12 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract] 
Subsequent Events
Subsequent Events

Redemption of Debt

On October 15, 2011, TVA redeemed all of its 2008 5.00 percent electronotes® due October 15, 2023. These securities are identified by the CUSIP number 88059TEH0. The notes were redeemed at 100 percent of par value. Approximately $15 million of the 88059TEH0 electronotes® were outstanding at September 30, 2011.

Liquidation of Commodity Broker-Dealer

On October 31, 2011, MF Global Holding Ltd. (parent company), and its subsidiary MF Global Finance USA Inc. filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. On the same date, a Securities Investor Protection Act proceeding was filed against MF Global Inc. (“MF Global”). TVA had used MF Global to clear certain trades and the MF Global Trustee has retained $33 million of TVA's cash collateral. While TVA expects to receive a substantial portion of the funds currently being held by the MF Global Trustee the timing and the amount of the funds' returns cannot be determined.