TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
RECs Overview and Strategy (1/2)
Overview In alignment with TVA’s REC Strategy, RECs are retired for the following uses: • North Carolina Renewable Energy and Energy Efficiency Portfolio Standard (NC REPS) Compliance: TVA maintains compliance with NC REPS on behalf of the four LPCs with service areas in North Carolina • Customer Solutions: Solutions offered to meet customer renewable needs (i.e., Green Switch, Green Flex, Green Invest, and others) • Market Opportunities: Optimizing TVA’s REC portfolio by selling RECs on the market (i.e., Bishop Hill REC sales) • TVA General Customer Claim: – TVA holds a portion of its REC portfolio in reserve for potential retirement against its generation mix, if needed to support meeting future carbon goals – TVA general customer claim reduced 2022 carbon emissions by 3.5%
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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