XML 79 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Benefit Plans
 9 Months Ended
Jun. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
Benefit Plans
Benefit Plans

TVA sponsors a qualified defined benefit pension plan that covers most of its full-time employees, a qualified defined contribution plan that covers most of its full-time employees, two unfunded post-retirement health care plans that provide for non-vested contributions toward the cost of certain retirees' medical coverage, other postemployment benefits such as workers' compensation, and the SERP.


The components of net periodic benefit cost and other amounts recognized as changes in regulatory assets for the three and nine months ended June 30, 2012, and 2011, were as follows:
Components of TVA’s Benefit Plans 
 
For the Three Months Ended June 30
 
For the Nine Months Ended June 30
 
Pension Benefits
 
Other Post-retirement Benefits
 
Pension Benefits
 
Other Post-retirement Benefits
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
Service cost
$
34

 
$
30

 
$
5

 
$
4

 
$
103

 
$
90

 
$
14

 
$
10

Interest cost
123

 
126

 
9

 
8

 
368

 
377

 
27

 
24

Expected return on plan assets
(109
)
 
(122
)
 
—

 
—

 
(327
)
 
(366
)
 
—

 
—

Amortization of prior service cost
(6
)
 
(6
)
 
(1
)
 
(2
)
 
(18
)
 
(18
)
 
(4
)
 
(5
)
Recognized net actuarial loss
90

 
71

 
8

 
5

 
270

 
212

 
23

 
16

Net periodic benefit cost as actuarially determined
132

 
99

 
21

 
15

 
396

 
295

 
60

 
45

Amount charged (capitalized) due to actions of regulator
—

 
3

 
—

 
—

 
—

 
9

 
—

 
—

Total net periodic benefit cost recognized
$
132

 
$
102

 
$
21

 
$
15

 
$
396

 
$
304

 
$
60

 
$
45



During the nine months ended June 30, 2012, TVA did not make contributions to its qualified defined benefit pension plan. TVA does not separately set aside assets to fund other benefit costs, but rather funds such costs on an as-paid basis. TVA provided approximately $31 million and $30 million for other benefit costs during the nine months ended June 30, 2012, and 2011, respectively. Net amounts capitalized due to actions of the TVA Board include amounts that have been deemed probable of recovery in future rates.