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v3.20.2

Regulatory Assets and Liabilities (Tables) | 9 Months Ended
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Jun. 30, 2020
Revenue from External Customer [Line Items] |
Revenue from External Customers by Products and Services [Table Text Block] | TVA's operating revenues by customer type for the three and nine months ended June 30, 2020 and 2019, are detailed in the table below:
Operating Revenues by Customer Type (in millions) |  |  |  |  |  |  |
| Three Months Ended June 30 |  |  |  | Nine Months Ended June 30 |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue from sales of electricity |  |  |  |  |  |  |
Local power companies(1) | $ | 2,058 |  |  | $ | 2,366 |  |  | $ | 6,716 |  |  | $ | 7,347 |
Industries directly served | 132 |  |  | 168 |  |  | 442 |  |  | 521 |
Federal agencies and other | 26 |  |  | 31 |  |  | 79 |  |  | 90 |
Revenue from sales of electricity | 2,216 |  |  | 2,565 |  |  | 7,237 |  |  | 7,958 |
Other revenue | 35 |  |  | 39 |  |  | 113 |  |  | 121 |
Total operating revenues | $ | 2,251 |  |  | $ | 2,604 |  |  | $ | 7,350 |  |  | $ | 8,079 |
Note (1) The amount for the three and nine months ended June 30, 2020, is net of $38 million and $108 million, respectively, of wholesale bill credits to LPCs participating in the long-term Partnership Agreement.
Regulatory Assets and Liabilities | Components of regulatory assets and regulatory liabilities are summarized in the table below:
Regulatory Assets and Liabilities |  |  |
| At June 30, 2020 |  | At September 30, 2019
Current regulatory assets |  |  |
Unrealized losses on interest rate derivatives | $ | 111 |  |  | $ | 89 |
Unrealized losses on commodity derivatives | 38 |  |  | 39 |
Fuel cost adjustment receivable | — |  |  | 28 |
Total current regulatory assets | 149 |  |  | 156 |
Non-current regulatory assets |  |  |
Deferred pension costs and other post-retirement benefits costs | 4,524 |  |  | 4,756 |
Non-nuclear decommissioning costs | 2,012 |  |  | 1,741 |
Nuclear decommissioning costs | 963 |  |  | 868 |
Unrealized losses on interest rate derivatives | 1,603 |  |  | 1,241 |
Unrealized losses on commodity contracts | 2 |  |  | 15 |
Other non-current regulatory assets | 147 |  |  | 142 |
Total non-current regulatory assets | 9,251 |  |  | 8,763 |
Total regulatory assets | $ | 9,400 |  |  | $ | 8,919 |
Current regulatory liabilities |  |  |
Fuel cost adjustment tax equivalents | $ | 121 |  |  | $ | 138 |
Fuel cost adjustment | 71 |  |  | — |
Unrealized gains on commodity derivatives | 5 |  |  | 12 |
Total current regulatory liabilities | 197 |  |  | 150 |
Non-current regulatory liabilities |  |  |
Unrealized gains on commodity derivatives | 5 |  |  | — |
Total regulatory liabilities | $ | 202 |  |  | $ | 150 |

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- Definition Tabular disclosure of assets and liabilities that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet or that result from rate actions of a regulator. Rate actions of a regulator can impose a liability on a regulated enterprise resulting in a regulatory liability. Regulatory liabilities can result from obligations to make refunds to customers or deferral of gains that will be credited to customers in future periods + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
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