TVA EVP & Chief Nuclear Officer Tim Rausch to depart by March 1, 2026; SERP benefits frozen

Tennessee Valley Authority

Tim Rausch, EVP and Chief Nuclear Officer, plans to separate from TVA no later than March 1, 2026.
He executed a separation agreement entitling him to severance under TVA's Executive Severance Plan.
SERP amended to cease new benefit accruals for all participants as of September 30, 2025.
Restoration Plan amended to allow SERP participants to participate, effective September 30, 2025.

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