TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
Purpose and Background
Purpose Action Item. Seek the Audit, Finance, Risk, and Cybersecurity Committee’s recommendation to the Board for approval of the FY24 Commercial Transactions Contracting Plan; including delegating authority to the CEO to enter into Commercial Energy Agreements, Programs, or Related Contracts in any amount with energy durations of up to 20 years and terms of up to 30 years, subject to other conditions of the TVA Board Practice Commercial Energy Agreements, Programs, and Related Contracts. (This delegation would amend a delegation in the current practice to facilitate the addition of generation from projects that may take longer than five years to reach in-service status.) Background The FY24 Commercial Transactions Contracting Plan is the basis for approving the commercial transactions portion of the annual budget and becomes the foundation for the delegated authority under which the CEO, executives, and staff execute fuel, purchased power, and commercial transaction contracts.
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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