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TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo

Generation Mix and Percent Hedged

Fuel cost is primarily impacted by volatility of natural gas prices

FY24P

FY25P

FY26P

Fuel

Generation Mix Price Hedged Generation Mix Price Hedged Generation Mix Price Hedged

Hydro

8%

100%

7%

100%

7%

100%

Nuclear

40%

100%

39%

100%

39%

99%

Coal

12%

75%

14%

29%

14%

13%

Purchased Power – Other

12%

66%

10%

75%

11%

76%

Purchased Power – TVA-sourced Fuel*

5%

49%

6%

27%

5%

16%

Natural Gas*

23%

43%

24%

25%

24%

14%

Total/Weighted Average

100%

77%

100%

66%

100%

59%

Generation mix and hedged percentages subject to change based on commodity price movements and additional fixed price transactions *Purchased Power – TVA-sourcedFuel includes tolled generation. Natural Gas includes TVA-owned generation. Data pulled 05/24/2023

TVA Restricted Information - Deliberative and Pre-Decisional Privileged

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