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Tag Archives: Bill Johnson

TVA cutting 2,000-plus jobs in massive cost-saving effort

CHATTANOOGA, Tenn. — The nation’s largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign. The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities. Most of the staff reductions are ...

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TVA president/CEO Johnson tours Techumseh, Yokohama plants

NORTHEAST MISSISSIPPI — Tennessee Valley Authority (TVA) president and CEO Bill Johnson visited northeast Mississippi yesterday for a series of meetings and industrial tours to support and encourage continuing economic growth in the region. TVA works with local power companies and regional, state and community partners to promote economic development. These efforts have resulted in 6,000 jobs added and retained ...

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TVA loses $67M in first quarter of 2014

KNOXVILLE, Tenn. ― The Tennessee Valley Authority reports that operating expenses declined and its bottom line results improved in the first quarter of fiscal year 2014 compared with the same quarter a year ago. “Our efforts to keep rates low and reliability high for our customers by working more efficiently helped to offset lower sales and revenues reported in the ...

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TVA reports increase in net income despite lower demand

KNOXVILLE, Tenn. ― The Tennessee Valley Authority reports that the public-owned utility ended fiscal 2013 with net income of $271 million on $11 billion in operating revenues despite a decline in sales, while record levels of low-cost hydroelectric generation helped offset higher fuel costs. TVA president and CEO Bill Johnson said, “We experienced lower demand for power during the year ...

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