secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001376986-24-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

TVA board sets FY2024 incentive targets; CEO payout calculation deferred
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- Corporate Multiplier targets for FY2024: Net Income $874M, Op Cash Flow $2,619M, Total Financing Obligations $22.2B.
- Enterprise Scorecard goals include TVA Total Spend target $7,810M, Load Not Served 4.1 min, Nuclear Online Reliability Loss Factor 2.00%.
- CEO's EAIP award will not use these measures until Board specifically authorizes; final multiplier 0-1.1.
- Awards may be adjusted for unusual events or business changes; individual performance also considered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698624000007/0001376986-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698624000007/tve-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001376986-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer