Bush to Appoint New TVA Chairman
WASHINGTON (AP) _ President Bush plans to appoint a former mayor of Tupelo, Miss., to be the new chairman of the Tennessee Valley Authority, the White House announced Friday.
The former mayor, Glenn McCullough, pledged the TVA would perform well under his leadership.
``TVA will achieve excellence in corporate performance, in the areas of environmental stewardship, in the delivery of affordable, reliable electric power and economic development,″ he said.
McCullough was named to TVA’s three-person board two years ago by former President Clinton.
The announcement came a week after the White House said Bush would nominate Bill Baxter, Tennessee’s former economic and community development commissioner, to fill a vacancy on the board. The third board member is Kentucky Democrat Skila Harris.
McCullough steps into the position as electric deregulation inches closer to a realty, and the impact of the utility’s coal-burning power plants and large debt are facing scrutiny.
TVA mainly sells power inside its seven-state region, providing electricity to more than 8 million people in Tennessee, Kentucky, Virginia, North Carolina, Georgia, Alabama and Mississippi.
Utilities surrounding the TVA service area and some of the agency’s largest distributors have pressed for deregulation in the valley.
``We welcome competition and choice,″ McCullough said.
On the Net:
Tennessee Valley Authority: www.tva.gov