TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
Contracting Plan Conformance
A contract is considered substantially in conformance with the Contracting Plan if any of the following apply: • The contract expenditures for FY24, along with expenditures under other contracts of the same type, are within the applicable budget amount(s) set forth in the FY24 Contracting Plan; • The contract implements a project, program, or activity set forth in the FY24 Budget, including the FY24 Contracting Plan, provided that it does not exceed any Board-approved budgetary or other limitations (e.g., volumes, MWs) for such project, program, or activity; • The contract supports TVA’s forecasted generation system demand as stated in the FY24 Contracting Plan and in periodic revisions to TVA’s generation plan (periodic revisions to TVA’s generation plan include, but are not limited to: fleet unit availability, fleet dispatch economics, weather and/or other factors that may result in deviation of expenditures or volumes from those set forth in the FY24 Contracting Plan); or • The contract supports TVA’s demand-side management strategies, and the expenditures are funded through internal savings and use processes. In addition, all fuel and purchased power contracts must be in conformance with TVA’s hedge ladders and policies that address risk, including counterparty credit and performance risk, and commodity risk.
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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