Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 487

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 487
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 the Board which are necessary to assure continuity of operations of [TVA] along the lines established while [TVA] was guided by a quorum of the Board, but shall not have the authority to direct [TVA] into new areas of activity, to embark on new programs, or to change [TVA's] existing direction" ("Section 1.6 Authority"). On July 15, 2025, the TVA Board delegated its Section 1.6 Authority to the CEO, provided that the delegation will become effective only in the event the TVA Board ceases to have any members and, once effective, will extend until the TVA Board regains at least one member, and provided further that the CEO will not have any authority to make decisions affecting the compensation of the CEO.

The TVA Board as of November 12, 2025, consisted of three individuals with their ages and terms of office provided:

DirectorsAgeYear Current Term BeganYear Term ExpiresWilliam J. Renick(1)7220232027Robert P. Klein7420232026A. Wade White5720232027Beth P. Geer (former director)(2)6020232026Beth H. Harwell (former director)(3)6820212024L. Michelle Moore (former director)(4)5320232026Brian E. Noland (former director)(5)5720202024Joe H. Ritch (former director)(6)7520232025

Notes

(1)  Mr. Renick assumed the Board Chair role on April 1, 2025. 

(2)  Ms. Geer's appointment as a member of the Board ended June 10, 2025. 

(3)  Ms. Harwell's appointment as a member of the Board ended January 3, 2025.

(4)  Ms. Moore's appointment as a member of the Board ended March 27, 2025.

(5)  Mr. Noland's appointment as a member of the Board ended January 3, 2025.

(6)  Mr. Ritch's appointment as a member of the Board ended April 1, 2025.

Mr. Renick of Ashland, Mississippi, joined the TVA Board in January 2023 and assumed the role of Board Chair in April 2025.  He served as senior advisor for the Mississippi Office of Workforce Development from July 2021 to June 2022 and served as