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.
Kilgore: Refurbishment of Sequoyah Unit Two Ahead of Schedule
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.
Cost Cutting, Lower Commodity Prices Help TVA End 2012 in the Black
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.
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.
No Change in TVA Rates
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.
Kilgore to Step Down as TVA CEO
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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