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Reddy

Dawsonville, GA

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#1
Nov 19, 2013
 

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Posted: Monday, November 18th 2013 at 1:31pm
TVA increases CEO pay in fiscal 2013
By The Associated Press

CHATTANOOGA, Tenn.(AP) The Tennessee Valley Authority says in a filing that it paid Chief Executive Officer Bill Johnson $5.9 million during his nine months on the job in fiscal year 2013.

That's almost $2 million more than the federal utility paid former CEO Tom Kilgore, who retired at the end of 2012, during his last year with the agency. He made just under $4.03 million.

The Chattanooga Times Free Press cited the TVA's year-end financial report, which was filed Monday with the U.S. Securities and Exchange Commission.

The utility said that even with the increase Johnson's pay is still below the industry average.

TVA is the nation's largest public utility, supplying power to about 9 million people in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.

Most of his salary came from performance incentives of nearly $2.6 million and deferred compensation payments of $2.06 million. His base salary for nine months of work was $712,500.

Other top executives at TVA saw a decline in pay.

Chief financial officer, John Thomas, received $2.1 million in 2013, or 3.3 percent less than in 2012. TVA's chief counsel, Ralph Rogers, received 25 percent less than the previous year with pay of $1.9 million.

The utility ended fiscal 2013 with $271 million in net income on $11 billion in operating revenues. Although the utility has a decline in sales, it said record levels of hydroelectric generation helped offset increased fuel costs.

"TVA reported solid financial results in 2013 despite lower sales and revenues," Johnson said in a statement.

"We experienced lower demand for power during the year due to the shutdown of a major customer facility, a slow-growing economy and adoption of energy conservation by customers," he said. "We expect to see low growth in power demand into the next decade, and we are committed to living within our means to keep rates low for our customers and the people of the Tennessee Valley."
Professor

Dahlonega, GA

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#2
Nov 19, 2013
 

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If you think this is crazy you need to take a close look at BREMC.
Wonder

Dawsonville, GA

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#3
Nov 19, 2013
 

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All performance based man did what he and the board agreed to and was paid for it.
oh really

Blairsville, GA

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#4
Nov 19, 2013
 

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Wonder wrote:
All performance based man did what he and the board agreed to and was paid for it.
The disgust isn't toward the man, but toward TVA. Why did the others have a reduction in compensation if it weren't favoritism? The over-compensation in today's society, whether it's corporations, politics, or athletics is outrageous. One can ask a similar question, "Why your county taxes keep going up." I'd also say that the big increases in our electric bill is the lavish palace the BRMEMC built. Also, why hasn't BRMEMC sold its property at the previous location to help their customers?
Just a thought

Dahlonega, GA

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#5
Nov 19, 2013
 

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oh really wrote:
<quoted text>
The disgust isn't toward the man, but toward TVA. Why did the others have a reduction in compensation if it weren't favoritism? The over-compensation in today's society, whether it's corporations, politics, or athletics is outrageous. One can ask a similar question, "Why your county taxes keep going up." I'd also say that the big increases in our electric bill is the lavish palace the BRMEMC built. Also, why hasn't BRMEMC sold its property at the previous location to help their customers?
Young Harris College will end up with the old facility at a great price which will cost the members a fortune. All in the plan. It will continue until people get tired of getting it up their butt and do something about it.
Jacky

Commerce, GA

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#6
Nov 20, 2013
 
Young Harris will need to do a toxic clean up if they buy the old BRMEMC property because of PCB contamination.At one time PCB transformer oil was used all around the fencing and wooden structures as a pest control measure.
Just a thought wrote:
<quoted text>Young Harris College will end up with the old facility at a great price which will cost the members a fortune. All in the plan. It will continue until people get tired of getting it up their butt and do something about it.
Winder

Baldwin, GA

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#7
Nov 21, 2013
 

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Jacky wrote:
Young Harris will need to do a toxic clean up if they buy the old BRMEMC property because of PCB contamination.At one time PCB transformer oil was used all around the fencing and wooden structures as a pest control measure.
<quoted text>
All on your dollar too !!!
Just a thought

Cleveland, GA

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#8
Nov 21, 2013
 

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Jacky wrote:
Young Harris will need to do a toxic clean up if they buy the old BRMEMC property because of PCB contamination.At one time PCB transformer oil was used all around the fencing and wooden structures as a pest control measure.
<quoted text>
It will not be the college that does the clean up. It will be the members of the Co-Op that foot the bill. Things like this goes directly back to management. The management group is chosen from those who or either to lazy or to dumb to do the actual work on the lines. The ones that are dumb and lazy get the higher management jobs.
my thought

Blairsville, GA

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#9
Nov 21, 2013
 

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Just a thought wrote:
<quoted text>It will not be the college that does the clean up. It will be the members of the Co-Op that foot the bill. Things like this goes directly back to management. The management group is chosen from those who or either to lazy or to dumb to do the actual work on the lines. The ones that are dumb and lazy get the higher management jobs.
I bet management won't be financially hurt; it's be us customers. I wonder, does upper management get electricity at free or reduced rates?
local

Toccoa, GA

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#10
Nov 22, 2013
 

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Jacky wrote:
Young Harris will need to do a toxic clean up if they buy the old BRMEMC property because of PCB contamination.At one time PCB transformer oil was used all around the fencing and wooden structures as a pest control measure.
<quoted text>
It's OK. Most of that has already been drank up by the people downstream on Brasstown Creek, and most are already in the cemetery..
EMC MONOPOLY

Demorest, GA

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#11
Nov 23, 2013
 

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As long as the people stand for getting robbed by the EMC they will continue to get what they ask for.

Just another disgusting trough ,where the pigs feed on the local unwary. Anyway smart enough to see it,will never get a word passed the masses.
just my opinion

Blairsville, GA

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#12
Nov 23, 2013
 

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my thought wrote:
<quoted text>
I bet management won't be financially hurt; it's be us customers. I wonder, does upper management get electricity at free or reduced rates?
If they do get free or reduced rates, then they don't mind rate increases. Does anyone know?
Just a thought

Dahlonega, GA

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#13
Nov 23, 2013
 

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just my opinion wrote:
<quoted text>
If they do get free or reduced rates, then they don't mind rate increases. Does anyone know?
My understanding is that the directors get free power. Employees do not.
Cooter in Owl Town

Cornelia, GA

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#14
Nov 23, 2013
 

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Everything has gone up since Obama took over.
gamule

Dawsonville, GA

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#15
Nov 26, 2013
 
Just a thought wrote:
<quoted text>Young Harris College will end up with the old facility at a great price which will cost the members a fortune. All in the plan. It will continue until people get tired of getting it up their butt and do something about it.
Young Harris fire department has moved into the old maintence building of emc. did the city take that building over
gamule

Dawsonville, GA

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#16
Nov 26, 2013
 

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Cooter in Owl Town wrote:
Everything has gone up since Obama took over.
everyone wanted change well here it is
imma wonderin

Blairsville, GA

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#17
Nov 26, 2013
 

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gamule wrote:
<quoted text>Young Harris fire department has moved into the old maintence building of emc. did the city take that building over
Is the emc letting them use the building for free? If so, shouldn't it have to pay some level of rent? Why should emc customers in north georgia pay for the city's use?
Just a thought

Cleveland, GA

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#18
Nov 26, 2013
 

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They are already planning on adding on to their new building and one has sank 4 inches in one corner from not having a proper foundation. Real brains running our EMC. They wouldn't let local contractors do the developing and now we will eat the inferior const.
Red

Baldwin, GA

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#19
Nov 26, 2013
 

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Just a thought wrote:
They are already planning on adding on to their new building and one has sank 4 inches in one corner from not having a proper foundation. Real brains running our EMC. They wouldn't let local contractors do the developing and now we will eat the inferior const.
Was Lamar Paris involved in in that construction too ? High dollars and low quality work .
question

Blairsville, GA

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#20
Nov 27, 2013
 

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Just a thought wrote:
They are already planning on adding on to their new building and one has sank 4 inches in one corner from not having a proper foundation. Real brains running our EMC. They wouldn't let local contractors do the developing and now we will eat the inferior const.
Some of the building sank? Building an addition? Is that, literally, "pouring money down a hole?" The board doesn't care what the rates are if they aren't having to buy electricity for themselves. That would be much like the President and Congress not having to live by the rules they create.

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