Top executives at the Tennessee Valley Authority (TVA) have been told not to expect their hefty performance bonuses this year because of lagging electricity sales from a weak economy and the massive coal ash spill that has drained the utility of more than a $1 billion. The utility’s CEO banked more than $1 million in bonuses for fiscal year 2008, and the nine executives who answer to him took home a combined $1.2 million. Those executives and some 3,300 other managers and specialists at the TVA were also told not to expect any raises for fiscal year 2010 unless they ... Read More
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