Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 113

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 113
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(1)  Combined Cycle Equivalent Forced Outage Rate (“EFOR”) measures the generation lost due to forced events as a percentage of time the unit would have been scheduled to run for TVA-operated combined cycle generating assets, based on Generating Availability Data System (“GADS”) event reporting guidelines for megawatt hour losses.  Combined Cycle EFOR excludes GADS events classified as outside management control and variances.

(2)  Hydro EFOR reflects the percentage of time over a given period that a generating unit is in forced outage.  This measure includes startup failures and is based on GADS event reporting guidelines for megawatt hour losses.  Hydro EFOR excludes GADS events classified as outside management control and variances. 

(3)  Coal EFOR reflects the percentage of time over a given period that a generating unit is in forced outage.  This measure includes startup failures and is based on GADS event reporting guidelines for megawatt hour losses.  Coal EFOR excludes GADS events classified as outside management control and variances. 

(4)  Combustion Turbine ("CT") Economic Starting Reliability reflects the percentage of successful attempts to start up a unit for generation, performance testing, or black start over a given period that a generating unit was available for TVA-operated CT assets.  Total unit performance tests demonstrate that a unit will start and perform as intended.  Black start tests demonstrate that a unit will start without relying on external power and perform as intended.  CT Economic Starting Reliability excludes GADS events classified as outside management control and variances.

LTIP Performance Measures and Goals for the 2026 - 2028 Performance Cycle

The Board approved LTIP performance measures and goals for the 2026 - 2028 performance cycle.  These performance measures, along with their associated weights and goals, are as follows: 

Long-Term Incentive MeasuresWeightThresholdTargetStretchTotal Spend (1)60%2% Non-Fuel O&M, Inventory, and Cloud Spend / 4% Capital Spend Over Budget2026 - 2028 Cumulative Total Spend Based on the 2026 Budget2% Non-Fuel O&M, Inventory, and Cloud Spend / 4% Capital Spend Under BudgetCarbon-Free Performance Indicator (2)20%50100200Powerful Partnerships Survey (3)20%757983

Notes

(1)  Total Spend represents total Non-Fuel O&M, Capital, Non-Fuel Inventory, and Cloud Implementation expenses for corporate