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Tuesday, October 14, 2003

TVA Joins Balanced Scorecard Hall of Fame
TVA has been named to the global Balanced Scorecard Hall of Fame for achieving exemplary performance results with its Winning Performance Balanced Scorecard program.

Balanced Scorecard Collaborative Inc. created the Hall of Fame to publicly acknowledge the results of organizations that implement balanced scorecards to create a strategy-focused organization.

BSC President David Norton and BSC’s Robert Kaplan developed the Balanced Scorecard concept in 1992. BSC says it has been implemented in thousands of corporations, organizations and government agencies worldwide. Based on the premise that “measurement motivates,” BSC says the scorecard program is designed to put strategy at the center of the management process, allowing organizations to implement strategies rapidly and reliably.

“Facing a future of increased competition, TVA began its Balanced Scorecard program in 2000 to help promote ‘Winning Performance’ among its workforce,” says TVA Chief Operating Officer Ike Zeringue.

“TVA’s Winning Performance Balanced Scorecard allows the men and women of TVA to establish priorities, measure and report performance in key areas, understand how individual activities are tied to company priorities, and link individual compensation to companywide results.”

TVA’s balanced scorecard is designed to provide measures that are understood by employees at all levels of the company.

“It also serves as a way for TVA to recognize its accomplishments as the company sets new goals for future successes,” Zeringue says.

Human Resources Executive Vice President John Long accepted the award on behalf of TVA from Balanced Scorecard Collaborative Inc. at an Oct. 8 ceremony in New Orleans.

BSC’s Norton says Hall of Fame winners have achieved meaningful success in their particular sector or industry, relative to specific, individual business or performance objectives. Other Balanced Scorecard Hall of Fame organizations include the U.S. Army, the City of Charlotte, Hilton Hotels, UPS, Wendy’s International and the University of California at San Diego.

BSC lists five principles of a strategy-focused organization –mobilizing change through executive leadership, translating the strategy to operational terms, aligning the organization to the strategy, motivating to make strategy everyone’s job, and governing to make strategy a continual process.

BSC is a professional-services firm dedicated to the worldwide awareness, use, enhancement and integrity of the Balanced Scorecard as a value-added management process. More information is available online at http://www.bscol.com.

TVA Supports Workplace Partnership for Life Initiative
This year, TVA will again support the Workplace Partnership for Life initiative, sponsored by the U.S. Department of Health & Human Services.

The effort promotes awareness of the need for tissue, blood and organ donation. Hundreds of companies nationwide help support this program.

Advances in medical research and transplantation technology make it possible for a single donor to save or enhance the lives of as many as 50 people. Currently, more than 80,000 Americans are waiting for an organ that could save their lives.

As a member of the Workplace Partnership for Life program, TVA is committed to building awareness about organ donation and encouraging employees to become a donor.

Becoming an organ donor is a quick and easy process. Those interested can visit the Organ Donation Web site at http://www.organdonor.gov for more information.

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