There are 17 article(s) tagged Jeff Lyash:
Lyash is the highest-paid federal employee in the country, but an independent consultant said the pay for TVA’s CEO was still 18% below the average of 42 comparable investor-owned utilities.
Lyash cited stability, discounted base rates and flexibility for utilities to build out carbon-free generation as the biggest draws for a long-term contract, but its terms are nonnegotiable.
Critics say the request for proposals — a process that could end in TVA awarding one, multiple or zero contracts — is a noncommittal effort to expand carbon-free energy.
TVA CEO Jeff Lyash talked on “Behind the Headlines” about the federal agency’s offer to MLGW if the utility stays with TVA for another two decades and local power generation by the utility.
A nine-page letter from Capitol Hill questions a central tenet of TVA’s pitch for Memphis Light, Gas and Water Division to remain the federal agency’s largest customer for electric power.
President Donald Trump called earlier this month for changes at the top of TVA including Lyash. But after Thursday's board meeting in Knoxville, new board chairman John Ryder of Memphis said there are no plans to oust Lyash.
The offer by CEO Jeff Lyash at a Tuesday City Council presentation includes investments and money over a 20-year period. Meanwhile, there was more reaction from other parts of the issue on a final version of the Integrated Resource Plan on the matter commissioned by MLGW.
The federal agency’s formal response to the draft report released last month says Memphis Light, Gas and Water Division could lose $260 million a year if it drops TVA to go with another electric power supplier.
There has been a lot of speculation on projected savings if MLGW changes energy suppliers by individuals with personal interests. But there are facts that cannot be challenged.
The city’s nearly century-old relationship between Memphis Light, Gas and Water Division and the Tennessee Valley Authority reaches a critical point with some options, thanks to hard past negotiations.
MLGW's 80-year partnership with the Tennessee Valley Authority is up for renewal. TVA president and CEO Jeff Lyash talks with Eric Barnes and Bill Dries about the benefits of continuing this contract.
To date, four independent studies – including one also financed by MLGW – have come to the same conclusion that if Memphis would leave TVA and join MISO, the city could save up to $450 million a year.
The president and CEO of the Tennessee Valley Authority, during an appearance on "Behind The Headlines," also panned a set of four studies touting much broader savings if MLGW cuts ties to the federal agency. Lyash is pushing a 20-year renewal contract with a 3% signing bonus and TVA aid in helping MLGW generate its own solar power.
MLGW brass, TVA leaders and Memphis City Council members met Wednesday at City Hall for the latest discussion in a decision the utility and the city are expected to make in 2020.
The 60-year-old Allen Fossil plant is scheduled for demolition in 2022, Tennessee Valley Authority President and CEO Jeff Lyash said Tuesday as leaders got a look at possible future uses for the 500-acre site.
Jeff Lyash spoke Thursday at the second meeting of an advisory group to Memphis Light, Gas and Water Division on the question of ending or changing the utility's 80-year relationship with the Tennessee Valley Authority.
TVA CEO and president Jeff Lyash said during a Memphis visit on his third day on the job that the power industry will see as much change in the next 20 years as it did in the last half-century.
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