---
schema_version: "secwatch.filing_event.v1"
accession: "0001376986-26-000026"
form_type: "8-K"
ticker: "TVE"
cik: "0001376986"
company_name: "Tennessee Valley Authority"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:11:17.252274+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TVA appoints Michael D. Skaggs as Interim President and CEO for one-year term starting April 24, 2026

## Summary
- Skaggs succeeds Donald A. Moul, who previously announced retirement effective July 1, 2026.
- Salary set at $500,000 annually; eligible for additional compensation up to $499,000 based on Board-determined objectives.
- Removal only for Gross Misconduct; removal for other reasons triggers accelerated salary and full additional compensation.
- Skaggs previously served at TVA from 1994 to 2022, including as EVP and Chief Operating Officer.
- Offer letter outlines key objectives: energy dominance, rate structure, IRP update, and transition to permanent CEO.

## SEC filing metadata
- accession: 0001376986-26-000026
- form_type: 8-K
- ticker: TVE
- cik: 0001376986
- company_name: Tennessee Valley Authority
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376986/000137698626000026/0001376986-26-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698626000026/tve-20260424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376986-26-000026
- JSON: https://secwatch.observer/filing/0001376986-26-000026.json
- Plain text: https://secwatch.observer/filing/0001376986-26-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.