Comp up for TVA executive

Comp up for TVA executive

Posted: Monday, November 21, 2011 7:01 pm

CHATTANOOGA (AP) — A day after the Tennessee Valley Authority board extended a pay freeze a second year, a report shows TVA President and CEO Tom Kilgore’s compensation increased $352,000 in fiscal year 2011, to $3.95 million.
A TVA filing Friday with the Securities and Exchange Commission shows compensation increased for all five of its top executives.
A TVA spokesman said after the board extended the pay freeze for fiscal 2012 that the SEC filing could show increases in long-term pension and some other compensation.

Published in The Messenger 11.21.11

Leave a Comment