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: 110% AUTHENTIC 1900 S HOLTZCLAW AVE CHATTANOOGA, TN 37404 3D OPERATIONS INC 340 FRAZIER AVE CHATTANOOGA, TN 37405 4 CORNERS CAFE LLC 9408 APISON PIKE SUITE 102 OOLTEWAH, TN 37363 ACE EXTERMINATING COMPANY INC 5113 HWY 58 STORE A-3 CHATTANOOGA, TN 37416 ADONAI PAINTING VARIOUS ... (click for more)

Partnership FCA Announces Thrift Store Grand Opening

Partnership for Families, Children and Adults announced the Grand Opening of a retail store, Partnership FCA Thrift and Consignment. The store opens  Aug. 30  and is located at 301-D Martin Luther King Boulevard. The grand opening will be celebrated with a ribbon cutting and reception at  11 a.m.  on  Tuesday, Aug. 30 . Regular business hours will ... (click for more)

TBI Adds Jereme Little To Top 10 Most Wanted; Was Set Free By Judge Stern And Then Higher Court Overruled Her

The Tennessee Bureau of Investigation has added to its ‘Top 10 Most Wanted’ list Jereme Dannuel Little, who was freed by order of Criminal Court Judge Rebecca Stern, whose decision was recently reversed. Little is wanted by the Chattanooga Police Department and the Tennessee Bureau of Investigation for especially aggravated kidnapping. The TBI said, "Little has a history of ... (click for more)

Gaines Charged In Assault On Ex-Wife, MLK Boulevard Barber

Eric Lee Gaines has been arrested for an assault on his ex-wife and a well-known MLK Boulevard barber. Gaines, 33, of 2803 Curtis St., was charged with disorderly conduct, domestic assault, assault, burglary of a business, public intoxication and retaliation against an officer. In the incident on Thursday, police were summoned to MLK Boulevard on an intoxicated individual. ... (click for more)

Jonathan Welch Is To Be Commended For His Leadership On The School Board

Dr. Jonathan Welch has faithfully served the Hamilton County Board of Education, representing District 2, for the last four years. He ends his time on the school board as chairman, a role he stewarded well during a tumultuous time in our school system as we prepared to search for a new superintendent.  Jonathan has served our school system and represented ... (click for more)

Roy Exum: Georgia’s Weak Attacked

The United States Attorney’s Office and our nation’s Justice Department just thrust an unwelcomed spear into the heart of the state of Georgia. And while I am scared to death the same war party is now headed into Tennessee and other states, I wish the DOJ had stopped in Chattanooga for lunch and a quick visit at our Orange Grove Center before filing last Tuesday’s lawsuit against ... (click for more)