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

6 Months Ended

Mar. 31, 2023

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

Other current assets consisted of the following:


Other Current Assets (in millions)
	At March 31, 2023		At September 30, 2022
Commodity contract derivative assets	$	25	$	172
Collateral receivables	100		—
Other	112		85
Other current assets	$	237	$	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 Contract Derivatives and — Commodity Derivatives under the FHP for a discussion of TVA's commodity contract derivatives.

Collateral Receivables. TVA deposited $50 million of cash collateral with each of PJM Settlement Inc. (“PJM”) and Midcontinent Independent System Operator, Inc. ("MISO") during 2023 to provide security for TVA’s power purchases from these respective regional transmission organizations.