TVA replaces Carbon-Free metric with Project Milestones in LTIP for FY24-28 cycles

Tennessee Valley Authority

New Project Milestones measure replaces Carbon-Free Performance Indicator, weight 20%.
Threshold 80%, Target 90%, Stretch 100% for FY24-26, FY25-27, FY26-28 cycles.
Milestones defined as Board-approved projects over $200M or critical to TVA's mission.
For FY24-26 cycle, only FY26 results considered; FY25-27 uses FY26-27; FY26-28 uses FY26-28.
No other changes to LTIP measures or goals.

item 5.02

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