Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 72

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 15
Chunk 72
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 Spend Over Budget2026 - 2028 Cumulative Total Spend Based on the 2026 Budget2% Non-Fuel O&M, Inventory, and Cloud Spend / 4% Capital Spend Under BudgetCarbon-Free Performance Indicator (2)20%50100200Powerful Partnerships Survey (3)20%757983

Notes

(1)  Total Spend represents total Non-Fuel O&M, Capital, Non-Fuel Inventory, and Cloud Implementation expenses for corporate and operational SBU organizations (excluding the Board of Directors).  This measure will support the overall TVA goal of maintaining costs and managing rates based on spending levels approved by TVA management and the Board.

(2)  Carbon-Free Performance Indicator measures renewable MW added to the TVA system, energy program savings GWh and capacity MW provided by energy programs, and the ability to meet TVA's operational needs through demand response event performance.  This measure supports the evolution of TVA's reliable and clean energy supply into the energy system of the future as well as helps manage the impact of TVA's identified enterprise risk related to planning and execution of the power system.

(3)  The Powerful Partnerships Survey is conducted among customers, elected officials, business/economic development leaders, and the general public in the TVA service area to assess the strength of various stakeholder relationships with TVA.  This measure supports the effective management of TVA's reputation and ability to achieve desired outcomes and deliver on strategic priorities with stakeholders.

Carbon-Free Performance IndicatorWeightThresholdTargetStretchRenewable and Storage MW Added (1)30%9181,2241,530Demand Response Event Performance % (2)25%81%90%99%Energy Program MW (3)20%1,4291,9062,382Energy Program GWh (4)15%6208261,033Traditional Carbon-Free MW Added (5)10%60% of 2026 Budget Power Supply Plan Target MW80% of 2026 Budget Power Supply Plan  Target MW100% of 2026 Budget Power Supply Plan Target MW

Notes

(1)  Renewable and Storage MW Added tracks the number of renewable and storage MW that come on-line in accordance with delivered PPAs, partner flexibility, and TVA-builds.  

(2)  Demand Response Event Performance Percentage calculates the performance of demand response programs by determining a 12-month rolling average of the portfolio's actual demand reduction to the expected demand reduction and contractual requirements percentage for demand response events.  

(3)