CEO Tom Kilgore & Tennessee Valley Authority...8/22/09
Tennessee Valley Authority ~ Mismanaged !by: Don Jones...8/22/09
Now, please do not misunderstand me, just because I`m a (TVA) Tennessee Valley Authority customer. I realize that CEO Tom Kilgore needs more money, he only makes a tad over $3 million dollars a year, he received a $500,000.00 this year alone ! TVA has announced that the massive coal ash spill alone will take up to three(3) years at a cost of $3 million dollars or more. We might get it cleaned up by 2010 ? Now the TVA board has announced that they are raising my/your rates another eight(8) per cent effective October 1, 2009 ! The increase in the basic rate will add $5.52 monthly to the average households bill. TVA has said, the rate increase was necessary to fund a $3 billion liability that includes bolstering the pension plan, paying for the cleanup of a massive coal ash spill at the Kingston Fossil Plant in East Tennessee and funding capital projects. As well as TVA is run, don`t ya think that CEO ole Tom Kilgore needs another pay increase ? Did`nt someone from TVA say that the cost of the spill would not be passed along to the TVA customer`s ? It seems to this writer that TVA is totally mismanaged. If another disaster should occur, I`m not sure we can afford good ole $Tom Kilgore$ !
posted by Stick a Fork in me, I`m Done ! @ Saturday, August 22, 2009
1 Comments:
Don Jones, now you’re a man who wised up when faced with the conundrum, “When you come to a fork in the road, pick it up!” You definitely are on the road “least travelled”.
Hooray for you to speak up about the TVA, an abomination on the people of Tennessee and the other six states it impinges on.
For more than probably you ever would want to know about the TVA in my view, see http://norsworthyopinion.com
To see my latest article, see http://norsworthyopinion.com/TVAspendmoreborrowmoreonlessincome.aspx
Great good luck to you!
Ernest Norsworthy
P.S.
I recall an old billboard with the picture of a man in his nightcap holding a lit candle; the caption was “It’s time to re-tire”. I do not remember the name of the tire company but I think it was a major brand.
EN
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