Debt and Other Obligations Debt and Other Obligations (Tables)

12 Months Ended

Sep. 30, 2013

The table below summarizes the long-term debt securities activity for the period from October 1, 2011, to September 30, 2013.



Debt Securities Activity For the year ended September 30
	2013			2012
Issues
Debt of variable interest entities	$	360		$	1,000
electronotes^®	152			135
2012 Series A⁽¹⁾	—			1,000
2012 Series B⁽²⁾	1,000			—
2013 Series A⁽³⁾	1,000			—
Discount on debt issues	(30		)	(9		)
Total	$	2,482		$	2,126

Redemptions/Maturities⁽⁴⁾
Debt of variable interest entities	$	13		$	6
electronotes^®	50			189
1992 Series D	—			1,000
1998 Series C	1,359			—
1998 Series D	2			5
1999 Series A	1			2
2000 Series F	—			29
2002 Series A	—			1,486
2003 Series C	940			—
2009 Series A	4			4
2009 Series B	2			2
Total	$	2,371		$	2,723

Notes

(1) The 2012 Series A bonds were issued at 99.12 percent of par.

(2) The 2012 Series B bonds were issued at 97.49 percent of par.

(3) The 2013 Series A bonds were issued at 99.52 percent of par.

(4) All redemptions were at 100 percent of par.

Total debt outstanding at September 30, 2013, and 2012, consisted of the following:



Short-Term Debt At September 30
CUSIP or Other Identifier	Maturity	Call/(Put) Date	Coupon Rate	2013 Par		2012 Par
Short-term debt, net				$	2,432	$	1,507
Current maturities of long-term debt of variable interest entities				30		13
Current maturities of power bonds
880591EE8	5/15/2014		2.250%	3		3
880591EF5	6/15/2014		3.770%	26		3
880591CW0	3/15/2013		6.000%	—		1,359
880591DW9	8/1/2013		4.750%	—		940
88059TEL1	5/15/2014		2.650%	3		3
Total current maturities of power bonds				32		2,308
Total current debt outstanding, net				$	2,494	$	3,828



Long-Term Debt⁽¹⁾ At September 30
CUSIP or Other Identifier	Maturity	Coupon Rate			Call Date	2013 Par		2012 Par		Stock Exchange Listings
electronotes^®(2)	05/15/2020 - 02/15/2043	2.375 - 4.875%			4/15/2013 - 02/15/2018	$	723	$	622	None
880591DY5	6/15/2015	4.375%				1,000		1,000		New York, Luxembourg
880591EE8⁽³⁾	11/15/2015	2.250%				4		8		None
880591DS8	12/15/2016	4.875%				524		524		New York
880591EA6	7/18/2017	5.500%				1,000		1,000		New York, Luxembourg
880591CU4	12/15/2017	6.250%				650		650		New York
880591EC2	4/1/2018	4.500%				1,000		1,000		New York, Luxembourg
880591EQ1	10/15/2018	1.750%				1,000		—		New York
880591EL2	2/15/2021	3.875%				1,500		1,500		New York
880591DC3	6/7/2021	5.805%	⁽⁴	⁾		324		324		New York, Luxembourg
880591EN8	8/15/2022	1.875%				1,000		1,000		New York
880591CJ9	11/1/2025	6.750%				1,350		1,350		New York, Hong Kong, Luxembourg, Singapore
880591300⁽⁵⁾	6/1/2028	4.060%				324		326		New York
880591409⁽⁵⁾	5/1/2029	4.150%				270		271		New York
880591DM1	5/1/2030	7.125%				1,000		1,000		New York, Luxembourg



880591DP4	6/7/2032	6.587%	⁽⁴	⁾		405			404			New York, Luxembourg
880591DV1	7/15/2033	4.700%				472			472			New York, Luxembourg
880591EF5⁽³⁾	6/15/2034	3.770%				414			440			None
880591DX7	6/15/2035	4.650%				436			436			New York
880591CK6	4/1/2036	5.980%				121			121			New York
880591CS9	4/1/2036	5.880%				1,500			1,500			New York
880591CP5	1/15/2038	6.150%				1,000			1,000			New York
880591ED0	6/15/2038	5.500%				500			500			New York
880591EH1	9/15/2039	5.250%				2,000			2,000			New York
880591EP3	12/15/2042	3.500%				1,000			—			New York
880591DU3	6/7/2043	4.962%	⁽⁴	⁾		243			242			New York, Luxembourg
880591CF7	7/15/2045	6.235%			7/15/2020	140			140			New York
880591EB4	1/15/2048	4.875%				500			500			New York, Luxembourg
880591DZ2	4/1/2056	5.375%				1,000			1,000			New York
880591EJ7	9/15/2060	4.625%				1,000			1,000			New York
Subtotal						22,400			20,330
Unamortized discounts, premiums, and other						(85		)	(61		)
Total long-term outstanding power bonds, net						22,315			20,269
Long-term debt of variable interest entities						1,311			981
Total long-term debt, net						$	23,626		$	21,250

Notes

(1) Includes net exchange losses from currency transactions of $43 million at September 30, 2013 and $41 million at September 30, 2012.

(2) Includes one electronotes^® issue with partial maturities of principal for each required annual payment.

(3) These Bonds include partial maturities of principal for each required annual payment.

(4) The coupon rate represents TVA’s effective interest rate.

(5) TVA PARRS, CUSIP numbers 880591300 and 880591409, may be redeemed under certain conditions. See Put and Call Options.



Maturities Due in the Year Ending September 30
	2014		2015		2016		2017		2018		Thereafter		Total
Long-term power bonds and long-term debt of variable interest entities including current maturities⁽¹⁾	$	62	$	1,064	$	65	$	1,590	$	1,718	$	19,231	$23,730

Note

(1) Does not include noncash items of foreign currency exchange loss of $43 million and net discount on sale of Bonds of $85 million.