Other Long-Term Liabilities

9 Months Ended

Jun. 30, 2012

Other Liabilities, Noncurrent [Abstract]

Other long-term liabilities consist primarily of liabilities related to certain derivative agreements as well as liabilities under agreements in respect of compliance with certain environmental regulations (see Note 17 — Environmental Agreements). The table below summarizes the types and amounts of Other long-term liabilities:



Other Long-Term Liabilities
	At June 30, 2012		At September 30, 2011
Interest rate swap liabilities	$	1,741	$	463
Environmental agreements liability	252		346
Coal contract derivative liabilities	236		119
Currency swap liabilities	104		131
Commodity swap derivative liabilities	90		78
Swaption liability	—		1,077
Other	396		191
Total other long-term liabilities	$	2,819	$	2,405

On April 15, 2012, the counterparty to TVA’s swaption exercised its option to enter into a swap with TVA. See Note 13 — Derivatives Not Receiving Hedge Accounting Treatment for additional details of this transaction.

TVA guarantees repayment on certain loans receivable from end-use customers in association with the EnergyRight^® Solutions program. TVA sells the loans receivable to a third party bank and has agreed with the bank to purchase any loan receivable that has been in default for 180 days or more or that TVA has determined is uncollectible. As of June 30, 2012, the carrying amount of the associated obligation to purchase those loans was approximately $182 million. See Note 5.