Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 32

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 32
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 and distribution projects that are designed to increase grid capacity and mitigate extreme weather risks.  The upcoming phase will focus on concluding negotiations around terms and conditions and aligning on implementation and compliance processes for the award.

In January 2025, TVA and a consortium of co-applicants applied for a U.S. DOE grant to support the potential development and future deployment of an SMR at TVA’s Clinch River site.  The potential development and any future deployment of an SMR at the Clinch River site are subject to TVA Board approval.  TVA is following a structured planning process that advances the Clinch River project in phases at which the TVA Board will evaluate and consider approving any next steps.  This funding could support not only the deployment of this first of-a-kind technology, but also help establish the supply chain for advanced nuclear and support future deployment of the reactor across the United States. In April 2025, TVA and the consortium of co-applicants submitted a revised application to address new DOE guidance regarding the grant.

Integrated Resource Plan 

The Integrated Resource Plan ("IRP") is a risk-informed, comprehensive study of TVA's energy resources and how TVA plans to meet future electricity demand across the service territory.  The IRP considers a range of potential future scenarios as well as resource deployment strategies that TVA could employ within those futures.  The IRP meets TVA’s requirements for a least cost planning program under Section 113 of the Energy Policy Act of 1992.  In May 2023, TVA issued a Notice of Intent to initiate development of a new IRP and associated Programmatic EIS.  TVA published a draft IRP and EIS in September 2024 and received public comments on these draft documents.  The final IRP was expected to be published in 2025; however, publication of the final IRP has been delayed.

Fiber Optic Network

In 2017, the TVA Board authorized up to $300 million to be spent over the next 10 years, subject to annual budget availability and necessary environmental reviews, to build an enhanced fiber optic network that will better connect TVA's operational assets.  Fiber is a vital part of TVA's modern communication infrastructure.  The new fiber optic lines will improve the 

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reliability and resiliency of the generation and transmission system while enabling the system to better accommodate distributed energy resources ("DER") as they enter the market.  As of September 30,