Agreed-Upon Procedures for TVA Fiscal Year 2025 Performance Measures

The Office of the Inspector General (OIG) performed the procedures, which were requested and agreed to by Tennessee Valley Authority management solely to assist management in determining the validity of the Winning Performance (WP)/Executive Annual Incentive Plan measures for fiscal year (FY) ending September 30, 2025.  Tennessee Valley Authority management is responsible for the WP measures data provided. In summary, procedures applied by the OIG found the:

• FY 2025 WP goals for the enterprise measures were properly approved.
• Actual FY to-date results for the enterprise measures agreed with the underlying support, without exception.
• FY 2025 WP, Executive Annual Incentive Plan, and Chief Executive Officer payout percentages provided by the Enterprise Financial and Performance Reporting organization on October 31, 2025, were mathematically accurate and agreed with the OIG’s recalculation.