Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 328

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 328
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. Rasmussen 60%Rebecca C. Tolene 70%Jeremy P. Fisher 60%Timothy S. Rausch70%David B. Fountain 70%

Note

(1)  Represents the Target Incentive Opportunity associated with the NEO's last position held in 2025 and represents a percent of each NEO's salary.

2025 EAIP Performance Measures.  EAIP performance measures tie directly to key enterprise metrics used by senior management in TVA's annual budget and strategic planning process, which in turn link directly to the achievement of TVA's mission and strategic priorities.  The 2025 EAIP performance measures and the reasons for using these measures are described in the table below.  

Performance MeasureWhy is this Measure Used?SBU Controllable O&M and Base Capital SpendTo maintain financial health while funding TVA’s energy transition.Transmission Performance IndicatorTo advance TVA’s grid capabilities to increase flexibility for future additions and to meet the reliability and resiliency needs of the future.Nuclear Performance Indicator To achieve the nation’s top nuclear fleet by 2025.Power Operations Performance IndicatorTo achieve leading operational performance by managing the generation fleet based on the mission of each asset.Serious Injury Incident RateTo foster a culture that embraces, adapts quickly to, and anticipates changes needed for TVA to excel in the future public power utility marketplace and to protect the safety of TVA's employees, contractors, and customers, as well as the communities that TVA serves.

The 2025 EAIP performance measures and goals were provided in an organizational scorecard ("TVA Enterprise Scorecard").  The 2025 performance measures, along with the weighting ascribed to each and actual performance, are shown below.

Performance MeasureWeightThresholdTargetStretchActualSBU Controllable O&M and Base Capital Spend ($ millions)(1)40%$5,187$5,061$4,935$4,623Transmission Performance Indicator(2)15%5010020094Nuclear Performance Indicator(3)15%2.77%2.00%1.23%9.84%Power Operations Performance Indicator(4)15%50100200193Serious Injury Incident Rate(5)15%0.040.020.000.01

167

Notes

(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 SBU organizations (ex