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Mike Skaggs Named Permanent TVA CEO

The Tennessee Valley Authority named interim leader Mike Skaggs as its permanent chief executive officer. Chief Financial Officer Tom Rice will also take on the role of utility president while continuing his financial duties.

The Tennessee Valley Authority's governing board has selected interim TVA CEO and President Mike Skaggs as the permanent chief executive, the utility announced Nov. 12. TVA CFO Tom Rice, not pictured, will become the president starting Nov. 16.

Interim Tennessee Valley Authority CEO Mike Skaggs secured the permanent chief executive post through April 2028, leading the nation's largest public utility. The governing board reshaped leadership during a private session following its November 12 public meeting in Knoxville. Skaggs takes the full role after restoring stability and trust over six months, according to TVA Board Chair Mitch Graves.