This Federally Owned Public Utility Company Is Run by a Former Fossil Fuel Executive Who Makes $10 Million

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A New Republic investigation examines Jeff Lyash's $9.9 million compensation as CEO of the Tennessee Valley Authority, a federally owned utility serving over 10 million people. The article criticizes Lyash's fossil fuel background at Duke Energy and Progress Energy, his role in coal ash pollution in North Carolina, and his continued commitment to coal and gas generation despite Biden administration climate targets. The piece argues that Lyash's recent expansion of authority over TVA's coal plants and regulatory oversight committees represents a threat to clean energy transition and calls for financial disclosure requirements and board reform.