People TVA Sees $2.7B Capital Spend, As CEO Says He Will Retire

摘要

Tom Gilgore, CEO of the Tennessee Valley Authority and architect of its drive to diversify the power producer's generation mix and lower rates, said on Aug. 16 he would retire, possibly by year's end. Kilgore announced his decision after proposing TVA's 2013 fiscal-year budget, which the board approved. The year begins on Oct. 1. During Kilgore's tenure, TVA added new gas-fired generation and began work on three nuclear units. TVAs 2013 budget includes $2.7 billion in capital expenditures on environmental and transmission projects, capacity expansions and the new nuclear units.