CHATTANOOGA, Tenn. (AP) -- The Tennessee Valley Authority paid many of its top executives substantially more in fiscal 2012 than in the year before.
TVA's fiscal year ended Sept. 30 and year-end figures were released Friday by the government utility.
The Chattanooga Times Free Press reported TVA CEO Tom Kilgore's salary was down a fraction from the year before, but performance bonuses and deferred retirement benefits pushed his 2012 total compensation to more than $4 million -- up nearly 2 percent.
The largest pay jump fell to Kimberly S. Greene, who oversaw improvements in fossil fuel power generation in the last year. Her salary went up 50 percent to $3.57 million.
Chief financial officer John Thomas earned 32 percent more for trimming utility expenses when power sales came in $800 million short.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.