clear
Monday May 4th, 2015 10:14AM

TVA to cut more than 2,000 jobs

By The Associated Press
CHATTANOOGA, Tenn. (AP) The nation's largest public utility, which serves parts of north Georgia, is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign. <br /> <br /> The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities. <br /> <br /> Most of the staff reductions are being made by not filling vacant jobs and through retirements and resignations by the end of next month. <br /> <br /> More than 900 employees agreed to resign or retire and were given a week's pay for each year of employment. Another 1,000 staff vacancies were not filled. <br /> <br /> TVA declined to detail the number of layoffs, which are the agency's largest in more than two decades. <br /> <br /> TVA President Bill Johnson said this week that the voluntary reduction offers well-received and avoided the need for massive firings, although some employees are being laid off. <br /> <br /> ``We are well on our way toward achieving our multiyear goal of reducing operating and maintenance costs by a sustainable $500 million (below 2013 spending levels),'' Johnson said. ``Once we make that target, we will continue to look for ways to eliminate unnecessary costs and to live within our means.''<br /> <br /> TVA serves several counties in far north Georgia. <br />
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 4 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 4 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 4 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 4 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 4 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 4 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 4 months ago )
Local/State News
Former tech executive Carly Fiorina enters presidential race
WASHINGTON (AP) — Former technology executive Carly Fiorina formally entered the 2016 presidential race on Monday, launching a Republican White House bid in a morning announcement that highlighted her...
8:03AM ( 2 hours ago )
UPDATE: High-wire walker to appear at Tallulah Gorge, but won't walk
High-wire walker Nik Wallenda plans to appear at a summer celebration marking his great-grandfather's walk over Tallulah Gorge in the north Georgia mountains.
By Associated Press
5:42AM ( 4 hours ago )
Sheriff Victor Hill accused of shooting woman in the abdomen in Gwinnett Co.
A Georgia sheriff is accused of shooting a Lawrenceville woman in the abdomen, injuring her critically.
By Associated Press
5:14AM ( 5 hours ago )
Jackson County investigating body found at school
The body of a female was found Sunday on the campus of a Jackson County school.
By Rob Moore
9:21PM ( 12 hours ago )
Survey says Suwanee residents happier with their city than most
The results of the National Citizen Survey suggest that residents of Suwanee are happier with their city overall than most others across the country.
9:00AM ( 1 day ago )