The former head of Progress Energy has been tapped to head the Tennessee Valley Authority.
The TVA board has selected William D. “Bill” Johnson, the former CEO of Progress Energy based in Raleigh, N.C., to head the nation’s biggest government utility. Johnson will succeed Tom Kilgore, sources said Sunday.
A news conference is scheduled at 10 a.m. Monday in Knoxville.
Kilgore has served as TVA CEO since 2006, but he plans to retire at the end of the year.
TVA board members reportedly agreed to name Johnson after considering more than 70 candidates for TVA’s top job.
Johnson, 58, was slated to become head of the nation’s biggest electricity utility, Duke Energy, in July when Progress merged with Duke. But the board of the larger utility replaced Johnson with former Duke CEO Jim Rogers within a day of the merger's closure.
See Monday’s Times Free Press for complete coverage.
Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...