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.
Without Board Quorum, Incoming TVA CEO Gets New Powers
TVA’s board is supposed to have nine members; it’s already short three. Two more will go when Congress adjourns, leaving the board without enough members to do business.
TVA Taps Johnson as Next CEO
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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