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Seven States Power Corporation Obligation
9 Months Ended
Jun. 30, 2011
Seven States Power Corporation Obligation [Abstract]  
Seven States Power Corporation Obligation

           Seven States Power Corporation (“Seven States”), through its subsidiary, Seven States Southaven, LLC (“SSSL”), exercised Seven States’s option to purchase from TVA an undivided 90-percent interest in a combined cycle combustion turbine facility in Southaven, Mississippi.  As part of interim joint-ownership arrangements, Seven States has the right at any time, and for any reason, until the earlier of the date long-term operational and power sales arrangements are in place or April 23, 2013, to require TVA to buy back Seven States’s interest in the facility.  TVA will buy back the Seven States interest if long-term operational and power sales arrangements for the facility among TVA, Seven States, and SSSL, or alternative arrangements, are not in place by April 23, 2013.  TVA’s buy-back obligation will terminate if such long-term arrangements are in place by that date.  In the event of a buy-back, TVA will re-acquire the Seven States interest in the facility and the related assets.  As of June 30, 2011, and September 30, 2010, the carrying amount of the obligation was approximately $401 million and $413 million, respectively.