Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 582

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 582
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 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 PartnershipsPromoting progress through the shared success of TVA's customers and stakeholdersPowerful Partnerships SurveyIgniting InnovationPursuing innovative solutions for TVA, its customers, and its communities

Note

(1)  Incentive compensation measures align with strategic priorities and are further described below in Total Direct Compensation — Executive Annual Incentive Plan — 2025 EAIP Performance Measures and — Long-Term Incentive Plan.

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Establishing Compensation and Governance Practices

The TVA Board, under the authority of the TVA Act, has responsibility for establishing compensation for TVA employees, including the NEOs.  The TVA Board is directed under Section 2 of the TVA Act to establish a plan that specifies all compensation (such as salary and any other pay, benefits, incentives, or other forms of remuneration) for the CEO and TVA employees.  The TVA Act also provides that the TVA Board will annually approve all compensation (such as salary and any other pay, benefits, incentives, or other forms of remuneration) for all