The massive coal ash spill from the Tennessee Valley Authority (TVA) coal-burning plant in Kingston, Tenn., that blanketed nearby community last year with toxic material has resulted in a 43 percent cut in pay for TVA CEO Tom Kilgore. In its year-end financial report, Kilgore was paid $1.5 million in the fiscal year that ended September 30, nearly $1 million less than what he was paid the year before. The salary reduction was blamed partially on a drop in power sales as a result of a slumping economy. But the TVA also did away with performance bonuses for top executives, ... Read More
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