Tennessee Valley Authority provides electricity for utility and business customers in the United States. The firm sells power to distributor who then resells power to their customers at retail rates. Its distributor customers consist of municipalities and other local government entities, and customer-owned entities. It also sells power to directly served customers, consisting primarily of federal agencies and customers with large or unusual loads. The firm operates hydroelectric dams, coal-fired power plants, nuclear plants and natural gas-fired power facilities, which generate electricity. The company was founded on May 18, 1933 and is headquartered in Knoxville, TN.
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TVE: 8-K — leadership change
On August 20, 2026, the Tennessee Valley Authority's board established FY 2027 performance measures and goals for the Enterprise Scorecard used in the Winning Performance Team Incentive Plan and Executive Annual Incentive Plan. Cost performance carries the largest weight at 40%, with personal safety, nuclear reliability, transmission reliability, and generation reliability each weighted 15%.
The board also set measures for the FY 2027 through FY 2029 long-term incentive cycle, weighting Total Spend at 60%, with Stakeholder Survey and Project Milestones each at 20%. Project Milestones are defined as board-approved projects over $200 million or those critical to TVA's mission.
In addition, the board revised existing spend goals, including a FY 2026 SBU Controllable O&M and Base Capital Spend target of $4,679 and updated Total Spend targets across three LTIP performance cycles. This is routine compensation governance under Item 5.02 with no officer departures, appointments, or financial results disclosed.