TVA holding meeting to discuss new CEO’s authority
Published: December 10,2012
NORTH MISSISSIPPI — The Tennessee Valley Authority is expected to have a special meeting today to discuss delegating authority to the utility’s new chief executive until it fills several vacancies on its board.
The board is made up of nine members and five seats are pending congressional action, including one that’s up for reappointment. Congress is set to adjourn this month.
TVA spokesman Scott Brooks told The Associated Press that the new authority, if approved, would allow the agency to operate without the board “in certain critical areas,” such as handling rates and contracts.
Last month, TVA’s board chose former Progress Energy CEO Bill Johnson to lead the nation’s largest public utility, which provides electricity to nine million people in Tennessee, Kentucky, Mississippi, Alabama, Georgia, North Carolina and Virginia.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- Former Godwin CEO Danny Mitchell dies at 66
- Northrop Grumman lands $354M Air Force contract for Global Hawks
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- More school districts join MAEP lawsuit brought by Musgrove
- Delta Council says condition of Highway 6 'of crisis dimensions'
- Thousands of acres of Delta farmland to go on auction block
- Court tosses challenge to Miss. Silicon’s clean air permit
- S&P: State in top 10 in U.S. in sales tax dependency