Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 322

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 322
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 based on an annual survey of benchmark compensation for similar positions in private industry, including engineering and electric energy companies, publicly owned electric companies, and federal, state, and local governments; and

•Compensation will take into account education, experience, level of responsibility, geographic differences, and retention and recruitment needs.

TVA's Executive Compensation Program Aligns Pay with Performance

Nearly two-thirds of the CEO's target TDC is performance-based and at-risk, based on achievement of performance goals that further advance TVA's mission and strategic objectives.  Approximately half of the other NEOs' target TDC opportunity is performance-based and at-risk.  This alignment of compensation with performance also results in compensation being aligned with value delivered to TVA's stakeholders, including LPCs, businesses, and communities, and to the economy of the Tennessee Valley.  

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SalaryLong-Term Performance AwardLong-Term Retention AwardAnnual Performance Award

Note

(1)  CEO Target TDC Compensation Mix chart reflects the mix for Mr. Moul.

(2)  Other NEO Target TDC Compensation Mix chart does not include retired, retiring, or former NEOs that are discussed in this document.

Performance Goals and Performance Achievement Strategic PrioritiesIncentive Compensation Measures(1)A significant portion of each NEO's compensation is based on company performance and influenced by individual performance achievements.  As a result, a majority of NEO compensation is at-risk, providing incentive for the executive to achieve superior performance for TVA and for the businesses, communities, and residents it serves, both in the short term and in the years to come.Incentive compensation is provided to NEOs under the EAIP and LTIP.  Each incentive program is described below.People AdvantageAmplifying the energy, passion, and creativity within each TVA employeeSafety — Serious Injury Incident Rate ("SIIR")OperationalExcellenceBuilding on TVA's best-in-class reputation for reliable service and competitively priced powerExternal Performance Indicators for the TVA Nuclear FleetNuclear Performance IndicatorPower Operations Performance Indicator•Combined Cycle Equivalent Forced Outage Rate•Hydro Equivalent Forced Outage Rate•Coal Equivalent Forced Outage Rate•Combustion Turbine Economic Starting ReliabilityTransmission Performance Indicator•Load Not Served•Outages per Hundred Miles per Year•Connection Point Interruption FrequencyFinancial StrengthInvesting in TVA's future, while keeping energy costs as low as possibleSBU Controllable O&M and Base Capital SpendNon-Fuel Delivered Cost of PowerPowerful Partnerships