XML 119 R27.htm IDEA: XBRL DOCUMENT
v3.19.3

Related Parties | 12 Months Ended
--- | ---
Sep. 30, 2019
Related Party Transactions [Abstract] |
Related Parties | Related Parties TVA is a wholly-owned corporate agency of the federal government, and because of this relationship, TVA's revenues and expenses are included as part of the federal budget as a revolving fund. TVA's purpose and responsibilities as an agency are described under the "Other Agencies" section of the federal budget. TVA currently receives no appropriations from Congress and funds its business using power system revenues, power financings, and other revenues. TVA is a source of cash to the federal government. TVA will indefinitely continue to pay a return on the outstanding $258 million payments to the U.S. Treasury in repayment of and as a return on the government's appropriation investment in TVA's power facilities (the "Power Program Appropriation Investment"). See Note 18 — Proprietary Capital — Appropriation Investment. TVA also has access to a financing arrangement with the U.S. Treasury pursuant to the TVA Act. TVA and the U.S. Treasury entered into a memorandum of understanding under which the U.S. Treasury provides TVA with a $150 million credit facility. This credit facility has a maturity date of September 30, 2020, and is typically renewed annually. Access to this credit facility or other similar financing arrangements has been available to TVA since the 1960s. See Note 13 — Debt and Other Obligations — Credit Facility Agreements. In the normal course of business, TVA contracts with other federal agencies for sales of electricity and other services. Transactions with agencies of the federal government were as follows:
Related Party Transactions For the years ended, or at, September 30
| 2019 |  | 2018 |  | 2017
Revenue from sales of electricity | $ | 118 |  |  | $ | 122 |  |  | $ | 126 |
Other income | 258 |  |  | 240 |  |  | 136 |
Expenditures |  |  |  |  |  |  |  |
Operating expenses | 222 |  |  | 220 |  |  | 216 |
Additions to property, plant, and equipment | 10 |  |  | 8 |  |  | 16 |
Cash and cash equivalents | 45 |  |  | 46 |  |  | 46 |
Accounts receivable, net | 76 |  |  | 60 |  |  | 84 |
Long-term accounts receivable | 53 |  |  | 46 |  |  | 35 |
Accounts payable and accrued liabilities | 69 |  |  | 69 |  |  | 71 |
Long-term power bonds, net | — |  |  | — |  |  | 1 |
Return on Power Program Appropriation Investment | 6 |  |  | 5 |  |  | 5 |

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration