Press Mention E&E News / Politico Pro February 2, 2025
Topical Mention
TVA CEO Jeff Lyash will leave the utility this year
In this mention
TVA CEO Jeffrey Lyash announced his resignation effective September 30, 2025, after six years leading the nation's largest public power company. During his tenure, Lyash maintained relatively low electricity rates but faced criticism for 2022 rolling blackouts, increased natural gas usage, and a multimillion-dollar salary that drew Trump's ire. His departure marks the end of a mixed legacy during a period of rising energy demand and shifting resources.
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TVA CEO Jeff Lyash will leave the utility this year
TVA kept rates relatively low. But Lyash came under fire for blackouts in 2022 and drew Trump's ire for his multimillion-dollar salary.
By:
Francisco "A.J." Camacho
| 02/03/2025 06:52 AM EST
ENERGYWIRE | Tennessee Valley Authority CEO Jeffrey Lyash said Friday he plans to step down by Sept. 30, leaving a mixed legacy of stewardship during a period of rising demand, shifting energy resources and political turbulence.
During his six years leading the largest public power company, the TVA board held wholesale rates steady before imposing base rate increases in recent years to pay for more power plants. TVA power prices are still low compared to other parts of the country.
But customers in 2022 experienced the first rolling blackouts in the utility's 92-year history. And the utility increased its use of natural gas, even as the policy of the federal government aimed to ratchet down carbon dioxide emissions. Under Lyash, TVA also renewed its interest in adding more nuclear power to the mix.
Almost every administration has tangled with the idea of privatizing TVA. Even so, the power producer whose place in history is that of a New Deal success story has managed, for the most part, to operate without much political meddling. To a degree, that changed in 2020 when President Donald Trump criticized Lyash's $8 million salary and TVA's decision to outsource 100 technology jobs.