Michael D. Skaggs was named President and Chief Executive Officer of Tennessee Valley Authority. As of November 6, 2026, Tennessee Valley Authority has reported 3 leadership change filings to the SEC under Item 5.02 of Form 8-K, from April 6, 2026 to August 25, 2026, naming 1 appointment (Form 8-K, April 24, 2026).
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Key facts
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-08-25
- · In / out: In · Person: Michael D. Skaggs · Role: President and Chief Executive Officer · 8-K, 2026-04-24
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-04-06
Tennessee Valley Authority reported changes in 3 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-04-06 to 2026-08-25. They name 1 person. Every row below is cited to the filing it comes from, and this page adds each new change as Tennessee Valley Authority files it.
Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-08-25 | Reported | not named in the filing | 8-K, 2026-08-25 | ||
| 2026-04-24 | In | President and Chief Executive Officer | 8-K, 2026-04-24 | ||
| 2026-04-06 | Reported | not named in the filing | 8-K, 2026-04-06 |
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Who leads Tennessee Valley Authority, as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- President and Chief Executive Officer: Michael D. Skaggs, appointed (filed 2026-04-24).
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Reported
These performance measures, along with their associated weights and goals, are as follows: Long-Term Incentive Measures Weight Threshold Target Stretch Stakeholder Survey (1) 20% 76.0 80.0 84.0 Project Milestones (2) 20% 80% 90% 100% Total Spend (3) 60% 3% Non-Fuel O&M, Inventory, and Cloud Spend / 5% Capital Spend Over Budget FY 2027 - FY 2029 Cumulative Total Spend Based on the FY 2027 Budget 3% Non-Fuel O&M, Inventory, and Cloud Spend / 5% Capital Spend Under Budget Notes (1) The Stakeholder Survey is conducted among customers, elected officials, business/economic development leaders, and t
- On August 20, 2026, the Board of Directors ("Board") of the Tennessee Valley Authority ("TVA") took several actions related to compensation.
- The TVA Board (1) established FY 2027 performance measures and goals for the Enterprise Scorecard for the Winning Performance Team Incentive Plan ("WPTIP") and Executive Annual Incentive Plan ("EAIP"), (2) established performance measures and goals for the FY 2027 - FY 2029 performance cycle under the Long-Term Incentive Plan ("LTIP"), and (3) approved changes to existing incentive plan measures and goals.
- Each of these items is discussed in more detail below.
- (2) The Nuclear Reliability metric is the Annualized Online Reliability Loss Factor, which is the 12-month ratio of all generation losses minus refueling outage ("RFO") and exempt losses to reference energy generation minus RFO and exempt losses in a normal fuel cycle period, per standard industry guidelines.
- This measure monitors performance between refueling outages to obtain high unit and energy production reliability.
- (3) The Transmission Reliability metric is an aggregate measure of the overall reliability of TVA's transmission system.
Appointed: Michael D. Skaggs, President and Chief Executive Officer
On April 24, 2026, the Tennessee Valley Authority ("TVA") announced that Michael D. Skaggs has been appointed as TVA's new Interim President and Chief Executive Officer, starting April 24, 2026, and ending on April 24, 2027.
- Mr. Skaggs will succeed Donald A. Moul, who previously announced his intention to retire on July 1, 2026.
- Mr. Skaggs, age 65, served at TVA from 1994 until his retirement in January 2022.
- Mr. Skaggs will be entitled to an annual salary of $500,000.
- In addition, Mr. Skaggs may be entitled to receive additional compensation ("Additional Compensation"), payable as a lump sum within two months of the end of his term, if he meets certain criteria established by the TVA Board of Directors ("TVA Board").
- Removal for any other reason may entitle Mr. Skaggs to receive an accelerated payment of any remaining salary and the Additional Compensation.
- Mr. Skaggs does not have a direct or indirect material interest in any transaction or arrangement in which TVA is a participant other than in connection with his employment as described in this report.
Reported
On April 3, 2026, Donald A. Moul, TVA's President and Chief Executive Officer, notified TVA and the TVA Board of Directors, of his intention to retire on July 1, 2026.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.
