XML 95 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Other Long-Term Liabilities | 12 Months Ended
--- | ---
Sep. 30, 2014
Other Liabilities, Noncurrent [Abstract] |
Other Long-Term Liabilities | Other Long-Term Liabilities Other long-term liabilities consist primarily of liabilities related to certain derivative agreements as well as liabilities under agreements related to compliance with certain environmental regulations (see Note 21 — Legal Proceedings — Environmental Agreements). The table below summarizes the types and amounts of Other long-term liabilities:
Other Long-Term Liabilities At September 30
| 2014 |  | 2013
Interest rate swap liabilities | $ | 1,348 |  |  | $ | 1,199 |
Environmental Agreements liability | 108 |  |  | 190 |
EnergyRight® financing obligation | 152 |  |  | 149 |
Membership interests of VIE subject to mandatory redemption | 37 |  |  | 38 |
Commodity contract derivative liabilities | 17 |  |  | 35 |
Commodity swap derivative liabilities | 14 |  |  | 36 |
Currency swap liabilities | 15 |  |  | 15 |
Other | 271 |  |  | 199 |
Total other long-term liabilities | $ | 1,962 |  |  | $ | 1,861 |
EnergyRight® Purchase Obligation. TVA purchases certain loans receivable from its LPCs in association with the EnergyRight® Solutions program. The loans receivable are then transferred to a third-party bank with which TVA has agreed to repay in full any loan receivable that has been in default for 180 days or more or that TVA has determined is uncollectible. Given this continuing involvement, TVA accounts for the transfer of the loans receivable as secured borrowings. The current and long-term portions of the resulting financing obligation are reported in Accounts payable and accrued liabilities and Other long-term liabilities, respectively, on TVA’s consolidated balance sheets. As of September 30, 2014 and September 30, 2013, the carrying amount of the financing obligation reported in Accounts payable and accrued liabilities was approximately $38 million and $37 million, respectively. See Note 7 for information regarding the associated loans receivable. Membership Interests of VIE Subject to Mandatory Redemption. On August 9, 2013, SCCG issued 100 percent of its membership interests to SHLLC for a total of $40 million. The membership interests in SCCG are mandatorily redeemable pursuant to a schedule of payments that indicates the amount of each payment and the corresponding dates on which each payment is due. The schedule requires SCCG to make semi-annual payments to SHLLC sufficient to provide returns on, as well as returns of, capital until the investment has been repaid in full, including a $4 million balloon payment as part of the final disbursement which is due on August 15, 2033. The return on capital includes the Seven States Return. These payments provide a return on investment to SHLLC of 7.0 percent, which is reflected as interest expense in the consolidated statements of operations. As of September 30, 2014 and September 30, 2013, the carrying amount of the Membership interests of VIE subject to mandatory redemption was $39 million and $40 million, respectively. As of September 30, 2014 and 2013, $2 million of this was current and included in Accounts payable and accrued liabilities. In the event that TVA were to choose to exercise an early buy out feature of the Southaven Facility Lease, in part or in whole, TVA must pay to SCCG amounts sufficient for SCCG to repay or partially repay on a pro rata basis the membership interests held by SHLLC, including any outstanding investment amount plus accrued but unpaid return. TVA also has the right, at any time and without any early redemption of the other portions of the Southaven Facility Lease payments due to SCCG, to fully repay SHLLC's investment, upon which repayment SHLLC will transfer the membership interests to a designee of TVA.

X
- Definition The entire disclosure for other liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_OtherLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_OtherLiabilitiesNoncurrentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration