Deferred Costs, Capitalized, Prepaid, and Other Assets (Text Block)

3 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other current assets consisted of the following:


Other Current Assets (in millions)
	At December 31, 2022		At September 30, 2022
Commodity contract derivative assets	$	59	$	172
Collateral receivable	50		—
Other	112		85
Other current assets	$	221	$	257

Commodity Contract Derivative Assets. TVA enters into certain derivative contracts for natural gas that require physical delivery of the contracted quantity of the commodity as well as certain financial derivative contracts to hedge exposure to the price of natural gas. Commodity contract derivative assets classified as current include deliveries or settlements that will occur within 12 months or less. See Note 13 — Risk Management Activities and Derivative Transactions — Derivatives Not Receiving Hedge Accounting Treatment — Commodity Derivatives and — Commodity Derivatives under the FHP for a discussion of TVA's commodity contract derivatives.

Collateral Receivable. On December 27, 2022, TVA deposited $50 million of cash collateral with PJM Settlement Inc. (“PJM”) to provide security for TVA’s power purchases from PJM during the winter season.