And in the other piece of the puzzle falling into place, the Tennessee Valley Authority announced that Jeffrey Lyash — president and chief executive officer of Ontario Power Generation – will become its new president and CEO effective April 2019.
Earlier today, we published a report on Lyash leaving OPG and Ken Hartwick being named as his replacement.
Lyash, 57, is succeeding William D. Johnson, who served as TVA’s second president and CEO since 2013. Johnson announced his retirement in November 2018.
Before joining OPG, Lyash was president of CB&I Power and executive vice president of Energy Supply for Duke Energy. He began his career in the utility industry in 1981, joining Progress Energy in 1993, where he held a wide range of management and executive roles that gave him extensive corporate and operations leadership experience. Before joining Progress Energy, Lyash worked for the U.S. Nuclear Regulatory Commission (NRC).
Lyash is chair of the Electric Power Research Institute (EPRI), an international non-profit organization for public interest energy and environmental research. He holds a bachelor’s degree in mechanical engineering from Drexel University.
“The progress that Bill Johnson has accomplished with TVA has been remarkable to witness,” said TVA Board Chair Richard Howorth. “His leadership and guidance have put TVA on a clear path of continuous improvement — momentum that I believe Jeff Lyash will enjoy carrying further. It is now about creating and leading the next long-range plan to address industry challenges and meet consumer demands.
Lyash will work from TVA’s Knoxville headquarters. Johnson will continue to lead TVA through the transition.
“I am excited about the opportunity to lead TVA, an organization with a great sense of purpose not only to provide reliable, low-cost energy — which is a critical underpinning for how we live — but to improve the lives of people of the Tennessee Valley and the United States through economic development and environmental stewardship,” Lyash said.
TVA, a corporation owned by the U.S. government, provides electricity for business customers and distribution utilities that serve nearly 10 million people in parts of seven southeastern states at prices below the national average. TVA, which receives no taxpayer money and makes no profits, also provides flood control, navigation and land management for the Tennessee River system and assists utilities and state and local governments with economic development.