Accounts Receivable, Net

9 Months Ended

Jun. 30, 2020

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Accounts receivable primarily consist of amounts due from customers for power sales. The table below summarizes the types and amounts of TVA's accounts receivable:


Accounts Receivable, Net
	At June 30, 2020		At September 30, 2019
Power receivables	$	1,286	$	1,624
Other receivables	78		115

Accounts receivable, net⁽¹⁾	$	1,364	$	1,739

Note

(1) Allowance for uncollectible accounts was less than $1 million at June 30, 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 that demonstrate the need for temporary financial relief, through the deferral of a portion of LPCs' wholesale power payments owed to TVA. The program, which began in April 2020, requires LPCs to apply monthly and 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. As of August 3, 2020, $1 million of credit support has been approved under the Public Power Support and Stabilization Program.