The new year means a new CEO for the Tennessee Valley Authority. Bill Johnson takes over the $11 billion public utility after being hired in November.
Post Tagged with: "Tom Kilgore"
TVA is using remote-controlled robots and what it calls the world’s largest crane to lift the top off the reactor’s containment building and replace a set of steam generators. Seqouyah has been operating since 1980. By replacing the generators, TVA hopes federal regulators will renew its license for another 20 years.
Weather played havoc with TVA’s bottom line this year. While customers used record amounts of power during June’s scorching heat wave, it wasn’t enough to make up for a slump during a mild winter.
The Tennessee Valley Authority has picked former Progress Energy CEO Bill Johnson as its new chief executive. He replaces Tom Kilgore, who will retire as TVA CEO at the end of the year.
The Tennessee Valley Authority will not raise electricity rates this fall. The agency’s board voted to keep rates steady for the fiscal year that starts in October.
The CEO of the Tennessee Valley Authority is retiring. Tom Kilgore has been the head of the utility since 2006. Kilgore waited until the very end of TVA’s board of directors meeting to break the news.
Executives of the Tennessee Valley Authority say they won’t be wooed by cheap natural gas and a new power plant that was built for less than expected. The federal utility reviewed results from the first half of the fiscal year Friday.
The board of the Tennessee Valley Authority spent Thursday’s meeting hearing about low power demand and tight finances. Then they voted unanimously to spend an additional $2 billion completing a nuclear reactor in Spring City.
Completing a nuclear reactor south of Crossville will cost TVA as much as $2 billion more than original estimates and take three years longer. On Thursday TVA executives gave a sort of pep talk to workers finishing Watts Bar Unit 2.
TVA released its annual report about electricity generation and employee compensation today. The federal utility is still recovering from the massive coal ash spill in Kingston two years ago, but executives say they feel better about 2010.
The Tennessee Valley Authority won’t give end-of-year bonuses to executives this year, because of the poor economy and the costly coal ash cleanup that is still going on at its Kingston plant.
The Tennessee Valley Authority has overemphasized anomalies found in its Kingston coal ash pile that collapsed in December to limit its own legal liability.
The Tennessee Valley Authority has extended preferential treatment in allowing landowners to build lakeside docks, according to a new report from the TVA inspector general.
The Tennessee Valley Authority has sidelined gas plant projects in West Tennessee and Mississippi to deal with a lawsuit from North Carolina.