TVA Board Action Highlights Performance Excellence

Thursday, February 14, 2013

The Tennessee Valley Authority board of directors at its meeting Thursday approved performance measures for the agency that support the call for excellence throughout TVA by new President and CEO Bill Johnson.

“We are serving the people of the Tennessee Valley, and we must do that to the best of our ability,” Mr. Johnson told the board in his first TVA board meeting since being named president and CEO.

“We must try continuously to improve everything we do, always striving for excellence, both financially and operationally, and focusing on the right priorities – safety and reliability throughout our operations,” he said. “The goal is to be better today than yesterday, better tomorrow than today.”

Fiscal year 2013 performance measures include safety, financial health, power plant performance, transmission system reliability and environmental responsibility. These drive a system of performance measures that reach down to individual work groups and employees, according to Johnson.

“I am impressed with the dedication and capability of TVA employees. Working with our customers, we will safely deliver low-cost, cleaner energy that helps communities in the region attract and keep good jobs,” Mr. Johnson told the eight-member board, which includes four directors who were sworn in during January: Lynn Evans of Memphis; Peter Mahurin of Bowling Green, Ky.; Mike McWherter of Jackson, Tn., and Joe Ritch of Huntsville, Ala.

Mr. Johnson explained that the utility’s diverse mix of energy sources, which enables it to generate power reliably and economically under a variety of conditions, was critical during three recent refueling outages at its nuclear plants. TVA increased generation at its natural gas and coal plants to meet power needs and was able to avoid buying higher-cost energy from other utilities.

Having a more balanced portfolio follows the strategic direction established in TVA's long-term energy plan, known as its Integrated Resource Plan. The plan was developed in collaboration with TVA partners and stakeholders, and accepted by the board in 2011. Mr. Johnson reported that TVA will begin updating the IRP in 2013 and will again engage its stakeholders.

Mr. Johnson also reported on several challenges TVA faces, including emerging from the Nuclear Regulatory Commission’s heightened level of oversight as a result of its 2011 “red” finding at Browns Ferry Nuclear Plant, completing Watts Bar Nuclear Plant Unit 2 on time and within budget, bringing the Raccoon Mountain Pumped Storage Plant back online, and complying with increasingly stringent environmental regulations.

Chief Financial Officer John Thomas reviewed results for the fiscal year’s first quarter, which ended Dec. 31. Total operating revenue remains essentially on plan with sales relatively flat, total revenues consistent with the prior year and net income down. Higher off-system sales were offset by lower sales to directly served industrial customers.

In addition to receiving the President’s Report, the board also approved new committee assignments for the board’s five standing committees.



New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: 2 NOLA NATIVES 1309 TAFT HWY STE 139 SIGNAL MTN, TN 37377 A+ ALTERATIONS 5519 HWY 153 #3 CHATTANOOGA, TN 37343 AFRICAN INSPIRATIONAL GIFTS 615 SHANNON AVENUE CHATTANOOGA, TN 37411 ANTHROPOLOGIE 1110 MARKET STREET #118 WAREHOUSE ROW CHATTANOOGA, TN 37402 ATI GROUP VARIOUS ... (click for more)

Salons By JC Has Grand Opening At Northgate

Salons by JC - Northgate celebrated its grand opening with a ribbon cutting, tours, refreshments and discounts.  The new location is at 255 Northgate Mall, beside the back entrance to the mall. The event was coordinated by the Chattanooga Area Chamber of Commerce in conjunction with Salons by JC.   Salons by JC - Northgate leases fully equipped private suites to ... (click for more)

Grote Hall At UTC Campus Closed Due To Sinkhole

A sinkhole has prompted UTC officials to close off access to Grote Hall. Grote Hall employees have been told they do not need to report to work on Monday. Classes that are held in Grote Hall are called off for Monday. All other classes and campus activities are on for Monday. (click for more)

Bradley County Police Investigating Shooting; Victim Dies

The Bradley County Sheriff’s Office is investigating a shooting that occurred in the area of Georgetown Road. The sheriff's office said Sunday night that the victim had died. The victim's name has not yet been released.  A BCSO officer was waved down at the intersection of 25 th Street and Peerless Road by the driver of a vehicle who told the officer a gunshot victim ... (click for more)

Don't Be Quick To Discard Common Core

Let's not be too quick to discard Common Core. A recent article in the Tennessean on  Sunday detailed Common Core successes the Kingsport, Tennessee school system.  I encourage you to read it.  The article also noted that Tennessee was recently ranked as one of the fastest improving states in education after implementing portions of the Common Core curriculum ... (click for more)

Roy Exum: UVa --Time For Change

The University of Virginia is, by any measure, one of the finest universities in the world. I have long admired it, whether covering dozens of sports events, cavorting with countless friends, or benefitting repeatedly from the surgical skills of the late world-class humanitarian Frank McCue. But today there is a terrible pall over “Mr. Jefferson’s university” – no, make that a ... (click for more)