Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 3

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 3
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 region's natural resources; and

•Economic Development — Creating sustainable economic growth.

While TVA's mission has not changed since it was established in 1933, the climate in which TVA operates continues to evolve.  The business and economic environment has become more challenging due to economic conditions, changing environmental standards, new technologies, and emerging, non-traditional competition.  TVA is focused on unleashing American energy, while working together with partners to meet electricity needs, protect resources, and grow the region's economy.  

TVA's mission sets the stage for its strategic planning process that includes strategic priorities, strategic elements, initiatives, and scorecards for performance designed to provide clear direction for improving TVA's core business.  TVA's five strategic priorities are below.  TVA's strategic priorities may be revisited for future years once a Board quorum is restored.

Linking the Mission to Performance

      TVA has formulated key performance measures to support its strategic priorities.  The intent of these measures is to align employees to TVA's mission by focusing its collective efforts on operational excellence, fiscal responsibility, economic development, and environmental stewardship.  The measures are designed to promote teamwork, encourage high performance behaviors, and motivate TVA employees to achieve goals aligned with TVA's mission and values.  The 2025 corporate results compared with targets for these key measures are reflected in the chart below, and the subsequent chart reflects the 2026 approved corporate measures.  See Part III, Item 11, Executive Compensation — Compensation Discussion and Analysis for information regarding how the 2025 measures are calculated.

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2025 Corporate MeasureWeightActualThresholdTargetStretchStrategic Business Unit ("SBU") Controllable / Operating and Maintenance ("O&M") and Base Capital Spend ($ millions)(1)40%$4,623$5,187$5,061$4,935Transmission Performance Indicator(2)15%9450100200Nuclear Performance Indicator(3)15%9.84%2.77%2.00%1.23%Power Operations Performance Indicator(4)15%19350100200Serious Injury Incident Rate(5)15%0.010.040.020.00Notes

(1)  Strategic Business Unit ("SBU") Controllable Operating & Maintenance ("O&M") and Base Capital Spend equals the total Non-Fuel O&M and Base Capital expenses for corporate and operational S