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.



Georgia’s Job Growth Rankings Improve In October

State Labor Commissioner Mark Butler said today that Georgia moved up to fifth in the nation and second in the Southeast in over-the-year job creation in October, compared to sixth and third respectively in September. The state gained 96,000 non-seasonally-adjusted jobs between October 2013 and October 2014, for a growth rate of 2.4 percent. The comparable national job growth rate ... (click for more)

Northwest Georgia’s Unemployment Rate Falls To 7 Percent In October

The Georgia Department of Labor announced today that the unemployment rate in the Northwest Georgia region for October was 7.0 percent, down one-tenth of a percentage point from 7.1 percent in September. The rate in October of last year was 7.8 percent. The rate fell as more people went to work. The number of employed residents in the region rose by 1,173 to 374,971, up from ... (click for more)

1 Dies, 1 Critically Injured In North Chattanooga House Fire

For the second time in three days, a house fire has resulted in tragedy with a 35-year-old woman dying and a man critically injured in North Chattanooga. At 10:13 a.m. on Wednesday, Chattanooga firefighters were dispatched to a reported house fire with entrapment at 220 Houser St. The first firefighters on the scene saw flames shooting out windows and part of the roof. Having ... (click for more)

Appeal Dropped In $25 Million Lawsuit Filed Against Hennen's Restaurant By Lisa Barnes

An appeal has been dropped of a Circuit Court jury verdict that found Hennen's Restaurant not at fault in a $25 million lawsuit brought by Lisa Barnes. Circuit Court officials said the appeal was "voluntarily" dropped. It had been set to be reviewed by the Tennessee Court of Appeals. The verdict in the courtroom of Judge Neil Thomas in early February came at the end of ... (click for more)

Lawlessness At Heritage Park

As a frequent visitor at Heritage Park in East Brainerd, I must say that the situation is becoming slightly out of control.  To start, parking is atrocious.  The unpaved lot contains nothing but loose gravel which has naturally given way to divots in the ground assuring you a few bumps.  Why isn't this area smoothed out?  It's not worth parking there anyways ... (click for more)

Roy Exum: Why I Am Thankful 2014

Over 40 years ago I was a young sports writer when I came up with the notion of setting daily things aside, just for one day, and writing about why “I Am Thankful.” Every Thanksgiving I come up with my list and it is as much about me as it is about my gratitude for all things great and small. I can’t imagine approaching this day in any other way. Here we go … I AM THANKFUL for ... (click for more)