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TVA names new board members and goals

Six new TVA Board members took the oath of office last week and joined two current Board members in holding the first board meeting under a new governance structure approved by Congress and signed into law by the president.

In its first item of business, the new board elected Knoxville businessman Bill Sansom as its chairman. The Board also appointed TVA president and Chief Operating Officer Tom Kilgore as acting chief executive officer.

Sansom made it clear that the Board would leave day-to-day business to Kilgore and the TVA staff and that it would operate differently than past full-time boards.

“This Board will continue to listen to customers and to employees, but it will be much different because we are not involved in day-to-day operations,” Sansom said. “This is a huge step to have a corporate board running TVA, making policy and determining strategy.”

In a meeting held in Knoxville where TVA headquarters is located, the board also heard an operational report from Kilgore. Kilgore discussed operational highlights and hard spots. He said rising fuel prices continue to impact TVA’s costs and explained the impacts on the 2006 budget and reasons for the April 1 rate adjustment.

TVA customers, elected officials and their representatives and family and friends of the board members attended the swearing-in ceremony.

U.S. District Judge Tom Varlan of Knoxville administered the oath of office to the six new Board members. The new members join existing board members Bill Baxter, who served as the last full-time TVA chairman and Skila Harris.

In addition to Sansom, new Board members are:

• Dennis Bottorff of Nashville. He is chairman of Council Ventures, based in Nashville.

• Don DePriest of Columbus, Miss. He is chairman of a venture capital firm headquartered in Alexandria, Va.

• Mike Duncan of Inez, Ky. He is chairman of Community Thrift Holding Company and chairman of Inez Deposit Bank.

, and a partner in the law firm Duncan & Duncan.

• Howard Thrailkill of Huntsville, Ala. He is the recently-retired president/chief operating officer of Adtran Inc., a network-access equipment-supplier company in Huntsville.

• Susan Richardson Williams of Knoxville. She is owner and manager of SRW & Associates, a public relations and government relations group in Knoxville.

Sansom is the chairman and chief executive officer of The H.T. Hackney Co. and has held that position since 1983. Hackney is a diversified company involved in wholesale grocery, gas and oil and furniture manufacturing. He served as Tennessee commissioner of transportation in 1979.

The Board also established a Bylaws Committee and selected DePriest as

chairman of that committee.

TVA is the nation’s largest public power provider and is completely self-

financing. TVA provides power to large industries and 158 power distributors that

serve approximately 8.6 million consumers in seven southeastern states.


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