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600 Workers Take TVA Buyout as Utility Seeks to Cut $1 Billion in Spending
A spokesperson for the Tennessee Valley Authority (TVA) confirmed that about 600 of the utility's employees have taken buyouts. Some workers left the company starting in May, while others will exit by the end of September. The TVA on August 21 said the move is part of a plan to reduce costs as the federally owned utility tries to cut nearly $1 billion in spending by 2026. |
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It’s Time to Listen to Transformers
A transformer fire at Heathrow Airport earlier this year triggered cascading power outages, cutting electricity to more than 66,000 homes, grounding more than 1,300 flights, and causing losses of up… |
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Trump Names Democrat David Rosner as FERC Chairman
President Trump has appointed David Rosner as chairman of the Federal Energy Regulatory Commission (FERC), elevating the Democratic commissioner to lead the independent energy regulator after Republican Mark Christie stepped… |
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What We’re Watching |
Finance, Investment and Insurance - Backing Coal Responsibly
FutureCoal: The Global Alliance for Sustainable Coal, called on global finance leaders to fund coal fairly and equally. Mike Teke, the new Chairman, emphasized the strategic role of both metallurgical and modern, low-emission thermal coal in securing energy, strengthening multiple industries, and driving sustainable economic growth. Teke, also Group CEO of Seriti Resources, issued the letter to banks, insurers, and institutional investors at a time when coal still remains the world’s largest source of electricity…
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America’s Power Statement on David Rosner’s Appointment as Chairman of FERC
Today, President Donald J. Trump appointed David Rosner to serve as Chairman of the Federal Energy Regulatory Commission (FERC). In response, America’s Power President & CEO Michelle Bloodworth released the following statement: “Chairman Rosner is an experienced policymaker with the skills, knowledge, and open mindedness necessary to assure that FERC continues its work to improve the reliability of our nation’s electricity grid. This work is especially critical right now because…
Read more by clicking here. |
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