TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
Purchased Power Overview and Strategy (1/3)
Overview Increased need for reliability purchases paired with tightened market conditions is driving decisions Contracted generation assets continue to complement TVA’s owned generation fleet Solar costs are still above pre-Pandemic levels while the demand for renewables continues to increase The Board is requested to delegate 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.)
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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