Political Quotes

“today I introduce the ``TVA Modernization Act of 2001'' along with Senator Thompson. This bill would expand and restructure TVA's Board of Directors to make it reflect the board structure of most large corporations. TVA is now a multi-billion dollar per year corporation. However, it continues to function under a Depression-era administrative structure. By expanding the board and restructuring it more like a corporation's board, TVA will be in a better position to meet the future challenges facing TVA and the energy industry as a whole. Specifically, this legislation would create a nine-member, part-time board made up of experts in corporate management and strategic decision making. Each member would be required to be a legal resident of the TVA service area, and each member would receive an annual stipend. The board would appoint a CEO who would be responsible for daily management decisions. Currently, the board is comprised of three full-time members, although one position is currently vacant, and the Chairman acts as the CEO. This legislation provides the organizational structure necessary for TVA's future. With proper leadership and sound management practices, TVA can continue to improve and more efficiently provide its valuable services.”