Post Tagged with: "Tom Kilgore"

Power Transitions at TVA

Power Transitions at TVA

by / on January 2, 2013

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.

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Kilgore: Refurbishment of Sequoyah Unit Two Ahead of Schedule

by / on November 16, 2012

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.

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Cost Cutting, Lower Commodity Prices Help TVA End 2012 in the Black

Cost Cutting, Lower Commodity Prices Help TVA End 2012 in the Black

by / on November 15, 2012

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.

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TVA Taps Johnson as Next CEO

TVA Taps Johnson as Next CEO

by / on November 5, 2012

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.

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No Change in TVA Rates

No Change in TVA Rates

by / on August 16, 2012

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.

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Kilgore to Step Down as TVA CEO

Kilgore to Step Down as TVA CEO

by / on August 16, 2012

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.

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Natural Gas a Bright Spot for TVA Finances

Natural Gas a Bright Spot for TVA Finances

by / on May 4, 2012

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.

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Board of Cash-Strapped TVA Approves Extra $2 Billion for Nuclear Plant

Board of Cash-Strapped TVA Approves Extra $2 Billion for Nuclear Plant

by / on April 26, 2012

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.

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TVA Extends Timeline, Expands Budget for Troubled Watts Bar Reactor

TVA Extends Timeline, Expands Budget for Troubled Watts Bar Reactor

by / on April 5, 2012

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.

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B+ Year Means Record Pay Day for TVA Chief

by / on November 19, 2010

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.

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TVA Executive Incentives Withheld for 2009, Reinstated in 2010

by / on November 19, 2009

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.

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TVA Focused Root Causes of Ash Spill to Decrease Liability

by / on July 28, 2009

The Tennessee Valley Authority has overemphasized anomalies found in its Kingston coal ash pile that collapsed in December to limit its own legal liability.

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TVA to End Lakeshore Access Program Because of Preferential Treatment

by / on June 10, 2009

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.

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TVA Rushes to Build Gas Plant Because of North Carolina Lawsuit

by / on June 4, 2009

The Tennessee Valley Authority has sidelined gas plant projects in West Tennessee and Mississippi to deal with a lawsuit from North Carolina.

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