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Regulatory Assets and Liabilities (Tables)

9 Months Ended

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

X

- 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

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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.

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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

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