TVA offering nuclear employees voluntary departure option from utility

The Tennessee Valley Authority (TVA) has confirmed that it will offer all 3,500 employees in its Nuclear Group the opportunity to apply for a voluntary program to leave TVA, although it expects very few to depart.

The voluntary separation program will start July 11, TVA said in a July 2 statement.

“Some may wish to retire and others may wish to pursue other job opportunities,” TVA said in the statement. “While it is only fair to allow all team members the chance to participate, we expect only a few will choose to apply.”

“Each application will be considered on a case-by-case basis. This way, we can best match staffing levels with work load while still keeping our low-cost, carbon-free nuclear generation units running safely, reliably and efficiently,” TVA went on to say.

TVA said that it wanted to “set the record straight” after several news reports occurred in the TVA service territory. “Further details about the program will be shared directly with those team members who could choose to participate,” TVA said in the statement.

During the past couple of years, TVA President and CEO Bill Johnson has spoken a number of times about wanting to reduce the federal utility’s headcount.

In November 2014, Johnson said that roughly 800 TVA employees had elected to take an early retirement package. In May 2015, Johnson said that TVA had cut its staff headcount by nearly 2,000 employees. In November 2015, Johnson said TVA is continuing to make reductions in its operating costs.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.