TVA getting new chief : Bill Johnson, former Progress Energy head, will succeed Kilgore

TVA getting new chief : Bill Johnson, former Progress Energy head, will succeed Kilgore

November 4th, 2012 by Dave Flessner in Local - Breaking News

Tennessee Valley Authority headquarters and TVA logo

Photo by Miranda Harple

Former Progress Energy CEO Bill Johnson will be named Monday to succeed Tom Kilgore as TVA chief executive officer. (Photo Courtesy of The Charlotte Observer)

Photo by Contributed Photo/Times Free Press.

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.