TVA triples pay for president, gives staff bonuses - | Chattanooga News, Weather & Sports

TVA triples pay for president, gives staff bonuses

CHATTANOOGA (AP) - The Tennessee Valley Authority more than tripled the pay of its chief executive and will give employees bonuses averaging more than $6,900.

An annual report released Friday by the utility showed President Tom Kilgore was paid a record high $3.6 million in the fiscal year that ended in September.

The Chattanooga Times Free Press reported that overall TVA employees got more than $94 million in bonuses after meeting most of its annual performance standards in fiscal 2010.

The utility's 90 top executives will average more than $120,000 each and nonexecutive employees will get checks averaging $6,917 each. Salaried employees are also getting an average raise this fall of 2.9%.

TVA provides electricity in most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.

Information from: Chattanooga Times Free Press,

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