Kristi Swartz's questions to Tennessee Valley Authority (TVE) leadership • Q3 2022
Question
Kristi Swartz from E&E News asked for an update on the TVA board vacancies and nominee confirmations, and also questioned how TVA is balancing major capital investments, high summer demand, and rising fuel costs while aiming to keep rates stable and avoid future rate shock for customers.
Answer
President and CEO Jeff Lyash confirmed there are four vacancies on the nine-seat board, with six presidential nominees in the confirmation process, potentially leading to a full board by year-end. He addressed the balancing act by highlighting that nearly 60% of TVA's generation has stable, low fuel costs, mitigating commodity price volatility. Lyash reiterated the commitment to hold base rates flat for a decade while pursuing a balanced strategy of affordability, reliability, resilience, and clean energy transition.