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Debt and Other Obligations (Tables)

9 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Debt Outstanding

Total debt outstanding at June 30, 2015, and September 30, 2014, consisted of the following:

Debt Outstanding
	At June 30, 2015				At September 30, 2014
Short-term debt
Short-term debt, net	$	2,582			$	596
Current maturities of long-term debt of variable interest entities	33				32
Current maturities of power bonds	32				1,032
Total current debt outstanding, net	2,647				1,660
Long-term debt
Long-term debt of variable interest entities	1,263				1,279
Long-term power bonds(1)	21,827				22,037
Unamortized discounts, premiums, and other	(83		)		(89		)
Total long-term debt, net	23,007				23,227
Total outstanding debt	$	25,654			$	24,887

Note

(1) Includes net exchange losses from currency transactions of $14 million at June 30, 2015 and $44 million at September 30, 2014.

Debt Securities Activity

The table below summarizes the long-term debt securities activity for the period from October 1, 2014, to June 30, 2015:

Debt Securities Activity
		Date		Amount				Interest Rate
Redemptions/Maturities
electronotes®		First Quarter 2015		$	1			2.65	%
electronotes®		Second Quarter 2015		42				4.20	%
electronotes®		Third Quarter 2015		19				4.05	%
2009 Series A		November 2014		2				2.25	%
2009 Series B		December 2014		1				3.77	%
1999 Series A		May 2015		38				3.96	%
2009 Series A		May 2015		1				2.25	%
1998 Series D		June 2015		50				3.83	%
2009 Series B		June 2015		26				3.77	%
2005 Series B		June 2015		1,000				4.38	%
Total redemptions/maturities of power bonds				1,180
Variable interest entities		Second Quarter 2015		15				4.29	%
Total redemptions/maturities of debt				$	1,195

Note

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

Credit Facility Agreements

Summary of Long-Term Credit Facilities

The following table provides additional information regarding TVA's funding available in the form or three long-term credit facilities:

Summary of Long-Term Credit Facilities At June 30, 2015 (in billions)
Maturity Date	Facility Limit				Letters of Credit Outstanding				Cash Borrowings				Availability
December 2017	$	1.0			$	0.3			$	—			$	0.7
April 2018	0.5				0.5				—				—
June 2020	1.0				0.3				—				0.7
Total	$	2.5			$	1.1			$	—			$	1.4

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