Accounts Receivable, Net (Tables)

6 Months Ended

Mar. 31, 2020

Accounts Receivable, after Allowance for Credit Loss [Abstract]

The table below summarizes the types and amounts of TVA's accounts receivable:



Accounts Receivable, Net
	At March 31, 2020		At September 30, 2019
Power receivables	$	1,182	$	1,624
Other receivables	82		115
Accounts receivable, net⁽¹⁾	$	1,264	$	1,739

Note

(1) Allowance for uncollectible accounts was less than $1 million at March 31, 2020, and September 30, 2019, and therefore is not represented in the table

above.

In response to the COVID-19 pandemic, the TVA Board approved the Public Power Support and Stabilization Program, which includes alternative wholesale payment arrangements for LPCs, on March 25, 2020. TVA is offering up to $1.0 billion of credit support to LPCs who demonstrate the need for temporary financial relief, through the deferral of a portion of LPCs' wholesale power payments owed to TVA. The program requires LPCs to apply monthly beginning in April 2020 for the deferral, which is subject to approval by TVA. If approved, TVA will establish a repayment schedule based on the LPC's need, not to exceed two years, and an initial repayment date will be approved by TVA no later than December 31, 2020. The earliest deferral may be related to the May bill, and no such deferrals are included in the balances above. As of May 4, 2020, $1 million of credit support has been approved under the Public Power Support and Stabilization Program.