XML 71 R48.htm IDEA: XBRL DOCUMENT v3.24.2
Revenue (Tables)
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]    
Disaggregation of Revenue [Table Text Block]   TVA's operating revenues by state for the three and nine months ended June 30, 2024 and 2023, are detailed in the table below:
Operating Revenues By State
(in millions)
Three Months Ended June 30Nine Months Ended June 30
 2024202320242023
Alabama
$409 $388 $1,274 $1,244 
Georgia
65 59 214 207 
Kentucky
179 172 557 562 
Mississippi
277 263 816 814 
North Carolina
19 17 70 67 
Tennessee
1,869 1,754 5,685 5,613 
Virginia
10 9 35 35 
Subtotal2,828 2,662 8,651 8,542 
Off-system sales2 2 6 9 
Revenue capitalized during pre-commercial plant operations(1)
— — (3)— 
Revenue from sales of electricity2,830 2,664 8,654 8,551 
Other revenue49 34 144 121 
Total operating revenues$2,879 $2,698 $8,798 $8,672 
Note
(1) Represents revenue capitalized during pre-commercial operations at Paradise CTs 5-7
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, 2024 and 2023, are detailed in the table below:
Operating Revenues by Customer Type
(in millions)
Three Months Ended June 30Nine Months Ended June 30
 2024202320242023
Revenue from sales of electricity  
Local power companies$2,596 $2,431 $7,925 $7,811 
Industries directly served205 203 642 645 
Federal agencies and other29 30 90 95 
Revenue capitalized during pre-commercial plant operations(1)
— — (3)— 
Revenue from sales of electricity2,830 2,664 8,654 8,551 
Other revenue49 34 144 121 
Total operating revenues$2,879 $2,698 $8,798 $8,672 
Note
(1) Represents revenue capitalized during pre-commercial operations at Paradise CTs 5-7.
Schedule of Long-term Contracts for Purchase of Electric Power
The number of LPCs by contract arrangement, the revenues derived from such arrangements for the three and nine months ended June 30, 2024, and the percentage those revenues comprised of TVA's total operating revenues for the same periods, are summarized in the table below:

TVA Local Power Company Contracts
At or for the Three Months Ended June 30, 2024
Contract Arrangements(1)
Number of LPCs
Revenue from Sales of Electricity to LPCs
(in millions)
Percentage of Total Operating Revenues
20-year termination notice147 $2,227 77.4 %
 5-year termination notice6 369 12.8 %
Total153 $2,596 90.2 %
Note
(1) Ordinarily, the LPCs and TVA have the same termination notice period; however, in a contract with one of the LPCs with a five-year termination notice, TVA has a 10-year termination notice (which becomes a five-year termination notice if TVA loses its discretionary wholesale rate-setting authority). Certain LPCs have five-year termination notices or a shorter period if any act of Congress, court decision, or regulatory change requires or permits that election.
TVA Local Power Company Contracts
At or for the Nine Months Ended June 30, 2024
Contract Arrangements(1)
Number of LPCs
Revenue from Sales of Electricity to LPCs
(in millions)
Percentage of Total Operating Revenues
20-year termination notice147 $6,865 78.0 %
 5-year termination notice6 1,060 12.1 %
Total153 $7,925 90.1 %
Note
(1) Ordinarily, the LPCs and TVA have the same termination notice period; however, in a contract with one of the LPCs with a five-year termination notice, TVA has a 10-year termination notice (which becomes a five-year termination notice if TVA loses its discretionary wholesale rate-setting authority). Certain LPCs have five-year termination notices or a shorter period if any act of Congress, court decision, or regulatory change requires or permits that election.