Other Long-Term Assets

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



Other Long-Term Assets
	At March 31, 2019		At September 30, 2018
Loans and other long-term receivables, net⁽¹⁾	$	144	$	125
EnergyRight^® receivables	86		90
Prepaid capacity payments	23		27
Restricted cash and cash equivalents⁽¹⁾	23		23
Commodity contract derivative assets	10		31
Other	61		66
Other long-term assets	$	347	$	362

Note

(1) Certain historical amounts have been reclassified to conform with current year presentation of Restricted cash and cash equivalents.

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 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 have been in default for 180 days or more or that TVA has determined are 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. As of March 31, 2019, and September 30, 2018, the carrying amount of the loans receivable, net of discount, reported in Accounts receivable, net was approximately $21 million and $22 million, respectively. See Note 10 for information regarding the associated financing obligation.