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DESCRIPTION:TVA Board Meeting Recap - May 9\, 2024The Tennessee Valley Auth
 ority Board of Directors\, at its quarterly meeting May 9\, reviewed the a
 gency’s comprehensive\, integrated sustainability strategy that will drive
  the largest public power provider in America from nearly 60% carbon-free 
 energy toward net-zero emissions by 2050. The Board also reviewed other in
 itiatives that will expand our reliable&nbsp\;and resilient power system.T
 he meeting was held at Lipscomb University in Nashville\, with a public li
 stening session held May 8 at the same location.With the region growing th
 ree times faster than the national average\, TVA’s Board is guiding the ag
 ency to meet the challenges ahead with a multi-prong approach of (1) build
 ing additional cleaner\, flexible and efficient generation\, and (2) reduc
 ing the growth in future consumption by 30% over the next 10 years by inve
 sting in energy efficiency and demand response programs.While ensuring the
  region's energy supply remains expandable\, sustainable and innovative\, 
 TVA&nbsp\;remains committed to providing a diverse generation portfolio. T
 VA's diverse generation fleet\, which helps keep fuel costs lower\, result
 ed in a 4% reduction in the price of electricity in the first three months
  of the 2024 calendar year compared to the year before.Highlights&nbsp\;of
  TVA’s efforts include:12\,400 homeowners received more than $2.5 million 
 in rebates to make energy efficiency upgrades.1\,700 businesses completed 
 energy efficiency upgrades that will save them nearly $115 million on thei
 r annual electric bills over the life of the improvements.1\,400 megawatts
  of reliable natural gas generation constructed and approximately 800 mega
 watts of new solar energy secured.In other business\, the Board also revie
 wed the&nbsp\;FY 2023 Sustainability Report\, reviewed TVA’s operations an
 d nuclear performance\, heard reports on TVA’s financial performance and f
 unding of FY 2024 strategic initiatives\, and discussed executive compensa
 tion and committee assignments.AgendaApproved ResolutionsListening Session
  RecapMinutesPresentationStreaming VideoSustainability Report
DTEND:20240509T160000Z
DTSTAMP:20260604T030328Z
DTSTART:20240509T140000Z
LOCATION:
SEQUENCE:0
SUMMARY:TVA Board Meeting - May 9\, 2024
UID:RFCALITEM639161390089274558
X-ALT-DESC;FMTTYPE=text/html:<div class="embed-responsive embed-responsive-
 16by9"><iframe class="embed-responsive-item" src="https://players.brightco
 ve.net/605538292001/default_default/index.html?videoId=6352606507112" sand
 box="allow-scripts allow-same-origin allow-presentation allow-popups"></if
 rame></div><br><h3>TVA Board Meeting Recap - May 9\, 2024</h3><p>The Tenne
 ssee Valley Authority Board of Directors\, at its quarterly meeting May 9\
 , reviewed the agency’s comprehensive\, integrated sustainability strategy
  that will drive the largest public power provider in America from nearly 
 60% carbon-free energy toward net-zero emissions by 2050. The Board also r
 eviewed other initiatives that will expand our reliable&nbsp\;and resilien
 t power system.</p><p>The meeting was held at Lipscomb University in Nashv
 ille\, with a public listening session held May 8 at the same location.</p
 ><p>With the region growing three times faster than the national average\,
  TVA’s Board is guiding the agency to meet the challenges ahead with a mul
 ti-prong approach of (1) building additional cleaner\, flexible and effici
 ent generation\, and (2) reducing the growth in future consumption by 30% 
 over the next 10 years by investing in energy efficiency and demand respon
 se programs.</p><p>While ensuring the region's energy supply remains expan
 dable\, sustainable and innovative\, TVA&nbsp\;remains committed to provid
 ing a diverse generation portfolio. TVA's diverse generation fleet\, which
  helps keep fuel costs lower\, resulted in a 4% reduction in the price of 
 electricity in the first three months of the 2024 calendar year compared t
 o the year before.</p><p><a href="https://www.tva.com/newsroom/press-relea
 ses/tva-driving-clean-energy-economy-for-a-sustainable-future" target="_bl
 ank">Highlights</a>&nbsp\;of TVA’s efforts include:</p><ul><li>12\,400 hom
 eowners received more than $2.5 million in rebates to make energy efficien
 cy upgrades.</li><li>1\,700 businesses completed energy efficiency upgrade
 s that will save them nearly $115 million on their annual electric bills o
 ver the life of the improvements.</li><li>1\,400 megawatts of reliable nat
 ural gas generation constructed and approximately 800 megawatts of new sol
 ar energy secured.</li></ul><p>In other business\, the Board also reviewed
  the&nbsp\;<a target="_blank" href="https://tvawcma.com/environment/enviro
 nmental-stewardship/sustainability/sustainability-report-fy-2023">FY 2023 
 Sustainability Report</a>\, reviewed TVA’s operations and nuclear performa
 nce\, heard reports on TVA’s financial performance and funding of FY 2024 
 strategic initiatives\, and discussed executive compensation and committee
  assignments.</p><p><a href="https://tvawcma.com/news-media/releases/tva-b
 oard-of-directors-to-hold-meetings-in-may-in-nashville-tenn">Agenda</a></p
 ><p><a href="https://tvawcma.com/about-tva/our-leadership/board-of-directo
 rs/approved-resolutions">Approved Resolutions</a></p><p><a target="_blank"
  href="https://tva-azr-eastus-cdn-ep-tvawcm-acc.azureedge.net/cdn-tvawcma/
 docs/default-source/about-tva/board-of-directors/may-9--2024/tva-board-lis
 tening-session-may-8-2024.pdf?sfvrsn=8a7242cc_1">Listening Session Recap</
 a></p><p><a target="_blank" href="https://tva-azr-eastus-cdn-ep-tvawcm-acc
 .azureedge.net/cdn-tvawcma/docs/default-source/about-tva/board-of-director
 s/may-9--2024/2024-050924-board-meeting-minutes-signed.pdf?sfvrsn=7e13a3b5
 _1">Minutes</a></p><p><a target="_blank" href="https://tva-azr-eastus-cdn-
 ep-tvawcm-acc.azureedge.net/cdn-tvawcma/docs/default-source/about-tva/boar
 d-of-directors/may-9--2024/2024-620-may-board-presentation-fnl.pdf?sfvrsn=
 7d59c28b_1">Presentation</a></p><p><a href="https://tvawcma.com/about-tva/
 our-leadership/board-of-directors/streaming-video">Streaming Video</a></p>
 <p><a href="https://tvawcma.com/environment/environmental-stewardship/sust
 ainability/sustainability-report-fy-2023">Sustainability Report</a></p>
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