TVA board sets FY2025 incentive plan targets, approves plan amendments

Tennessee Valley Authority

FY2025 Enterprise Scorecard: 40% weight on SBU O&M and Capital Spend, 15% each on Transmission, Nuclear, Power Operations, and Serious Injury Rate.
Amendments to WPTIP and EAIP eliminate corporate multiplier; board gains +/-20% discretionary adjustment range for FY2025.
CEO FY2024 EAIP performance measures and goals authorized.
LTIP FY2024-2026 cycle: Total Spend (60%), Carbon-Free (20%), Powerful Partnerships (20%) with Renewable MW target of 889 (stretch 1,067).
LTIP FY2025-2027 cycle: similar structure, Renewable MW threshold 1,009, target 1,261; Partnerships survey target 78.

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