XML 52 R27.htm IDEA: XBRL DOCUMENT v3.22.2

Subsequent Event (Notes)	9 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Clean Energy RFP In July 2022, TVA issued a carbon-free RFP for up to 5,000 megawatts of carbon-free and renewable energy projects. This RFP includes a broad range of potential generation sources, including nuclear, green gas, solar, storage, and wind, among others, and supports TVA's decarbonization initiative as TVA continues to explore carbon-free technologies, bring on additional renewable energy, and work to meet customer demand of renewable energy. 2023 Budget On July 28, 2022, the TVA Board notationally approved TVA’s budget for 2023. The budget provides for the allocation and utilization of projected revenues of $12.4 billion in 2023 and, among other things, authorizes expenditures of $4.6 billion for fuel and purchased power, $3.3 billion for operating and maintenance expense, $1.1 billion for interest expense, and $1.0 billion for base capital spend. In addition, the budget provides for a 2.5 percent monthly base rate credit, which is an extension of the Pandemic Recovery Credit and is expected to approximate $230 million in 2023. In connection with approval of the budget, the TVA Board also authorized TVA to issue power bonds and enter into other financing arrangements in an aggregate amount not to exceed $2.0 billion during 2023. Valuation Changes in Derivative Transactions As of August 1, 2022, TVA’s interest rate swap derivative liability and related regulatory asset for unrealized losses are estimated to increase approximately $115 million compared to June 30, 2022, due to decreases in market interest rates. As of August 1, 2022, TVA’s commodity contract derivative asset and related regulatory liability for unrealized gains are estimated to increase approximately $100 million compared to June 30, 2022. There is estimated to be less than $1 million of change in the commodity contract derivative liability and related regulatory asset for unrealized losses compared to June 30, 2022. TVA's commodity derivative asset under the FHP and related regulatory liability for unrealized gains are estimated to increase approximately $150 million compared to June 30, 2022. TVA’s commodity derivative liability under the FHP and related regulatory asset for unrealized losses is estimated to decrease approximately $10 million compared to June 30, 2022. These changes are primarily due to recent increases in natural gas prices.

X

- References

No definition available.

+ Details

Name:	us-gaap_SubsequentEventsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI https://asc.fasb.org/topic&trid=2122774

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662

+ Details

Name:	us-gaap_SubsequentEventsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration