FY 2021 Sustainability Report
UN SD Goals
Introduction
Aspiration
Economic Impact
Environment
Social
Governance
TVA Priorities / Material Topic
Aspirational Goals
Examples of FY 2021 Progress
Energy Affordability
Provide Reliable and Resilient Power System of the Future (Continue our 99.999% reliability)
Residential rates lower than 80% of top 100 U.S. utilities; industrial rates lower than more than 95% of top 100 U.S. utilities
Continue Delivering Low-Cost Electricity Rates (Best-Quartile Nationally)
Operating and contracted solar capacity grew 77%
Renewable Energy
Execute Strategy to Develop the Clean Energy System of the Future (with path to ~80% carbon reduction by 2035 and aspiration of net-zero by 2050)
Provided 56% carbon-free energy supply, including 41% from clean nuclear generation First utility-scale solar project through Green Invest brought online and first LPC solar project through Generation Flexibility broke ground First TVA-built utility-scale solar and battery projects underway and expected to be online by 2024-2025
Add 10,000 Megawatts of Solar by 2035 to Meet Customer Demand and TVA System Needs
Projects in flight to replace aging, inefficient combustion turbine units with modern, efficient gas capacity to help integrate solar additions
Become the Nation’s Top-Performing Nuclear Fleet by 2025
More than 750 families served through Home Uplift energy efficiency improvements; program expanded to include rental homes
Increase Investment in Energy Efficiency for Underserved Residents and Communities
54 public schools participated in the School Uplift program with nearly 13% average savings on their annual energy bills
Achieve 100% Sedan and SUV Electric Fleet by 2030
34 small businesses benefited from free energy upgrades to lower their energy bills through the Community Centered Growth pilot program Launched the Green Connect program to create a qualified solar contractor network for residential customers: 19 qualified installers, +1,000 customers registered, ~200 installations submitted, 65 installations verified, and over $7.5 million of customer spending on systems
� Jobs Created and Retained � Investor Relations � Labor Relations � Recruitment, Development and Retention � Skilled Workforce Availability
Continue to Attract and Grow Investments and Jobs That Power the Valley’s Economy Accelerate Impact of Inclusion with Diversity Within TVA and the Communities We Serve Create a Talent-Focused Organization That Delivers Performance and Service
Industry top decile performance in recordable incident rate and top quartile performance in serious injury rate Partnered to bring 80,900 jobs and $8.8 billion in capital investments to the Valley Contributed more than $1 million in STEM grants and other education programs for schools across the region, many of which are in underserved communities Approximately 60% of workforce represented by 17 total labor unions Named Top 5 in Tennessee, Forbes Best Employers by State 2021
� Health and Safety
Enhance Safety and Well-Being of TVA Employees and the People of the Valley
Cyber and Physical Security
Advance Employee and Community Workforce Development
Energy Innovations
Partner to Develop New Clean Energy Technologies for Deeper Decarbonization for Deployment in the 2030s and Beyond
Contracted for 196 megawatts of solar battery storage in conjunction with Green Invest solar projects, bringing total contracted battery storage to 246 megawatts
Build the Integrated and Reliable Grid of Tomorrow by 2027
Launched the Fast Charge Network program with LPCs, TDEC and other state partners that will add about 80 fast-charging locations to major travel corridors across the Tennessee Valley
Transparency Ethics
Develop and Deploy a Small Modular Reactor through Federal Partnership Pave the Way for More Than 200,000 Electric Vehicles on Valley Roads by 2028
#2 in Utility, Forbes 2021 America’s Best Large Employer
Partnerships underway with DOE, EPRI, National Labs and others on initiatives to drive better understanding and advancement of carbon capture, alternative fuels and advanced storage technologies Founding member of the Electric Highway Coalition, partnering to develop a fast-charge network connecting 16 states Through 2025, investing over $2 billion in transmission system improvements: New System Operations Center and Energy Management System construction is scheduled for completion in 2023, with operational acceptance testing in 2024 Began collaboration with Kairos Power to provide engineering, operations and licensing support to help Kairos Power deploy its low-power demonstration advanced nuclear reactor, named Hermes. Programmatic Environmental Impact Statement in progress for an Advanced Nuclear Technology Park at the Clinch River site
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