TVA increases top execs' pay in fiscal 2012

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.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 179685131 -
Gray Television, Inc.