CEO of the nation's largest public utility plans to retire

The CEO of the nation’s largest public utility plans to retire by September after nearly six years. On Friday, the Tennessee Valley Authority announced Jeff Lyash's planned departure as president and CEO. During Lyash's tenure, The federal utility has focused on nuclear power, worked toward retiring all its coal-fired plants by 2035, and kept retail rates 80% lower than the rest of the U.S. But Lyash also was criticized for plans to replace several coal plants with another fossil fuel in gas. TVA's rolling blackouts in December 2023 likewise drew scrutiny. And President Donald Trump skewered Lyash in 2020 over his pay, though TVA is funded by electricity customers, not tax dollars. TVA says Lyash's retirement isn't related to Trump.