Other Long-Term Assets

The table below summarizes the types and amounts of TVA's other long-term assets:



Other Long-Term Assets At September 30
	2019		2018
EnergyRight^®loans receivable	$	81	$	90
Loans and other long-term receivables, net⁽¹⁾	125		125
Commodity contract derivative assets⁽²⁾	—		31
Restricted cash and cash equivalents⁽¹⁾	23		23
Prepaid capacity payments	19		27
Other	77		66
Total other long-term assets	$	325	$	362

Notes

(1) At September 30, 2018, $13 million and $10 million previously classified as Restricted cash and cash equivalents and Loans and other long-term receivables, net (a component of Other long-term assets), respectively, have been reclassified to Restricted cash and cash equivalents (a component of Other long-term assets).

(2) In 2019, these assets are less than $1 million, and therefore are not represented in the table above.

In association with the EnergyRight^® Solutions program, LPCs offer financing to end-use customers for the purchase of energy-efficient equipment. Depending on the nature of the energy-efficiency project, loans may have a maximum term of five years or 10 years. TVA purchases the resulting loans receivable from its LPCs. The loans receivable are then transferred to a third-party bank with which TVA has agreed to repay in full any loans 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 loans receivable are reported in Accounts receivable, net and Other long-term assets, respectively, on TVA's Consolidated Balance Sheets. At September 30, 2019 and 2018, the carrying amount of the loans receivable, net of discount, reported in Accounts receivable, net was approximately $20 million and $22 million, respectively. See Note 11 — Other Long-Term Liabilities for information regarding the associated financing obligation.