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Research and Development
6 Months Ended
Mar. 31, 2023
Research and Development [Abstract]  
Collaborative Arrangement Disclosure
19. Collaborative Arrangement

In December 2022, TVA, Ontario Power Generation, Synthos Green Energy, and GE Hitachi Nuclear Energy ("GEH") entered into a multi-party collaborative arrangement to advance the global deployment of the GEH BWRX-300 small modular reactor. GEH is responsible for standard design development. Under the agreement, TVA will contribute up to $88 million for design costs incurred by GEH through 2026. At the time feasibility is determined, TVA will have the right to use the design and may receive additional economic benefits.
Payments pursuant to the agreement are recorded as research and development expense, which is reflected as Operating and maintenance expense on TVA's Consolidated Statement of Operations in the period incurred. TVA recorded $2 million and $18 million of expenses related to this agreement for the three and six months ended March 31, 2023, respectively. TVA also has a $6 million letter of credit posted under this arrangement at March 31, 2023.