TVA employees get average bonus of $11,400 each - | Chattanooga News, Weather & Sports

TVA employees get average bonus of $11,400

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KNOXVILLE (WBIR) - Just in time for the Thanksgiving holiday, TVA employees now have an extra reason to be thankful as they receive an average of nearly $11,400 each in year-end bonuses for helping the federal utility surpass all of its major goals in the past year.

The Tennessee Valley Authority is distributing $131 million in "winning performance" payments to its 11,500 employees this week. The bonuses for the average TVA employee, equal to what the typical Tennessee worker takes more than three months to earn, come just six weeks after TVA boosted average wage rates for its white-collar employees by more than the wage gains given to most U.S. workers in the past year.

TVA CEO Bill Johnson said the performance incentives reward "the extraordinary efforts of our employees" in improving plant performance and reliability while cutting operating costs and accident rates.

"We had a strong financial year in 2014 highlighted by further improvements in TVA's operating and maintenance costs — an area we have been acutely focused on over the last two years," Johnson said.

Read more at WBIR's website.

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