A LOCAL 8 WEATHER ALERT is posted Monday - Wednesday due to significant rainfall amounts expected to accumulate. We expect 2-4 inches of rain that could lead to some localized flooding in areas prone to flooding. This event will also create a slow commute to and from work Monday and Tuesday, and then again on Wednesday morning.
CHATTANOOGA, Tenn. (AP) -- The Tennessee Valley Authority says 750 employees have retired or resigned through a voluntary incentive program, another 1,000 vacant positions are being eliminated and more cuts are on the way.
The Chattanooga Times Free Press reports it will be the largest staff reduction at the federal utility in more than 20 years.
Cuts also are planned in TVA's nuclear program and involuntary layoffs are expected later this year.
The cuts are being made so staffing levels and electric rates will be more in line with other utilities as power consumption growth slows.
TVA President Bill Johnson says he wants a $500 million reduction in annual expenses by next year.
TVA supplies power to about 9 million people in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
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