Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

TVA outlines plans to reduce workforce

CHATTANOOGA, Tenn. - The Tennessee Valley Authority is encouraging many of its employees to retire early or resign.

The nation's largest public utility outlined its plan on Wednesday to reduce its workforce and cut spending so that it can save $500 million a year in operating costs and keep rates more in line with neighboring utilities.

Severance packages are being offered to all non-nuclear employees who have been with the company for at least a year.

"In order to perform our mission, we must curtail our spending and focus on internal cost management," utility spokesman Duncan Mansfield said. "We will continue with our core business, but some things we will stop doing."

TVA officials say they hope the offer helps the utility limit or avoid major layoffs later this year when the utility plans to close more coal plants and limit other operations.

The cuts could have a big effect in the Chattanooga area, where nearly a third of TVA employees work.

TVA President Bill Johnson set a goal last year of cutting operating and maintenance expenses $150 million this year and $200 million next year. That's on top of $150 million the utility cut last year in ongoing expenses in addition to reducing its staff and contractor workforce by more than 700 employees.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 2d2b59bf8201407ca7a44429a1588f7a
Top Classifieds
  • AKC Shih-Tzu Vet checked, $600 731-3 ... Details
  • PILLOW TOPmattress sets NEW in plasti ... Details
  • Bedroom Suites New in Boxes. 6pc. che ... Details
  • CHARLES SMITH CONCRETE REPAIR &RE ... Details
  • Court-OrderedAUCTION2BR/1BA Single Fa ... Details
  • Museum Quality Ornate Antique Furnitu ... Details
  • ONLINE Real Estate Auction Nomin ... Details
  • Cash for Farms (270)339-8680 Details
  • Seasoned Firewood. 270-243-5815 Details
  • SEEING is believing! Don't b ... Details
  • 375 Acre Farm in Ballard County D ... Details
  • Owner Financing, new 3000sq ft,in Mar ... Details
  • 1900 Broadway1500 - 6600 sq. ft. offi ... Details
  • FHA, USDA, VA & Conventional Loan ... Details
  • 127 Acres Lyon CountyLake Barkley- De ... Details
  • Hyundai Accent '02 $1,800 97 ... Details
  • 05 CHEVY MALIBU $2500(270) 388-5983 Details
  • Nissan Altima '07270-994-580 ... Details
  • 2010 Nissan Maxima, loaded, 87,400 mi ... Details

Most Popular
  1. WHO reports rise of neurological disorder during Zika outbreak
  2. Tibetan monk to speak at WKCTC
  3. Sports facilities upgrade overdue
  1. 'Kynectors' hope to keep helping with health care
  2. McCracken District Court
  3. 1 to 2 inches of snow/sleet to drop Sunday
  1. 'Kynectors' hope to keep helping with health care
  2. WHO reports rise of neurological disorder during Zika outbreak
  3. Tibetan monk to speak at WKCTC
Discussion

Check out these recently discussed stories and voice your opinion...