Presley Slams TVA CEO Tom Kilgore’s Pay Hike

JACKSON – Northern District Public Service Commissioner Brandon Presley strongly criticized the Tennessee Valley Authority (TVA) board of directors for approving a 10 percent increase in compensation for CEO Tom Kilgore.

Kilgore’s pay increase takes his total compensation to $3.6 million annually, making him the highest paid federal employee in America

“This pay raise is appalling and is a slap in the face of every TVA customer,” Presley said.  “In these difficult times, how can you justify something like this to your customers? I am sure Mr. Kilgore could have made it just fine for another year on his already multi-million salary.”

Noting that TVA is reaching its debt limit, Presley plans to convey his concerns on behalf of Mississippi customers who are affected by TVA’s rates with the board of directors and Mississippi’s congressional delegation.