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TVA Increases Top Execs' Pay in 2012
By AP
CHATTANOOGA, TN - The Tennessee Valley Authority paid many of its top executives substantially more in fiscal 2012 than in the year before.

TVA's fiscal year ended Sept. 30 and year-end figures were released Friday by the government utility.

The Chattanooga Times Free Press reported TVA CEO Tom Kilgore's salary was down a fraction from the year before, but performance bonuses and deferred retirement benefits pushed his 2012 total compensation to more than $4 million — up nearly 2 percent.

The largest pay jump fell to Kimberly S. Greene, who oversaw improvements in fossil fuel power generation in the last year. Her salary went up 50 percent to $3.57 million.

Chief financial officer John Thomas earned 32 percent more for trimming utility expenses when power sales came in $800 million short.

Published 06:52 PM, Saturday Nov. 17, 2012
Updated 12:47 PM, Thursday Dec. 13, 2012

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