TVA Scrambles with Board Quorum in Jeopardy

The dwindling number of TVA board members will meet this morning to hatch a plan for when there are no longer enough directors to make decisions. The President’s nominees are still waiting to be confirmed by the U.S. Senate.

With the impending lack of a quorum, members of the public power utility will likely delegate authority to TVA’s incoming CEO. The added wrinkle to that plan is that he hasn’t yet had a single day on the job.

TVA watchdog Southern Alliance for Clean Energy has expressed reservations about giving a new leader so much power. But there are also concerns about the board members waiting for confirmation. Tennessee Senator Bob Corker says he’s unsure they have the right experience for running what amounts to an $11 billion company.

Three of the nine board seats have been vacant for some time. Two more terms end as soon as Congress adjourns for the year.

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