Press Mention Times Free Press November 15, 2021
SACE Quoted
Opinion: Be bold, TVA. Put CEO's bonus and much more toward the sun
In this mention
Opinion piece criticizing TVA CEO Jeff Lyash's $2.6 million raise to nearly $9.9 million total compensation while the utility cuts renewable energy and efficiency programs. Maggie Shober of SACE argues the raise represents misplaced priorities, noting TVA spends nearly three times as much on the CEO's salary as on low-income energy efficiency programs. The author calls for TVA to reinvest in boldness toward decarbonization through wind and solar power rather than corporate bonus-building.
The raise for TVA's CEO is a slap in the face for customers that continue to struggle to pay high electricity bills across the TVA territory. Based on public records, with this raise TVA will be spending nearly three times as much each year on its CEO's salary compared to contributions made for low-income energy efficiency programs that would lower energy bills and put more savings in the pockets of customers in TVA's seven-state service territory.
Maggie Shober
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