TVA Chief Operating Officer Mike Skaggs Announces Intent To Retire Friday, May 14, 2021
Michael (Mike) D. Skaggs
Michael (Mike) D. Skaggs, executive vice president and chief operating officer of the Tennessee Valley Authority, has announced plans to retire from TVA in January 2022.
To ensure a seamless transition, Mr. Skaggs will continue to serve until TVA selects a new chief operating officer.
“Through his strong character, dedication and integrity, Mike has built a legacy that will endure for years to come. In addition to leading one of the nation’s top Operations organizations, he has helped lead the industry forward, always with a focus on the present and an eye toward the future,” said TVA CEO Jeff Lyash.
06 May 2021
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The Tennessee Valley Authority (TVA) is to provide engineering, operations and licensing support to help Kairos Power deploy its Hermes low-power demonstration reactor at the East Tennessee Technology Park (ETTP) in Oak Ridge, Tennessee under a newly announced collaboration agreement between the two companies.
The site at ETTP where Hermes would be built (Image: Kairos)
TVA President and CEO Jeff Lyash said the partnership with Kairos Power would enable the authority to share its safety and innovation insights to advance nuclear technology while gaining experience with licensing for advanced reactors. Nuclear power is the key to fuelling our economy with reliable, affordable, and clean electricity, and it is critical to our national security, he said.
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TVA, Eyeing Coal Phaseout by 2035, Will Rely on Nuclear
The Tennessee Valley Authority (TVA) expects to phase out its coal generation by 2035, but achieving net-zero carbon emissions without raising power prices or adversely affecting reliability will require substantial investments in energy storage and carbon capture and sequestration (CCS). TVA also will need to extend the lifetime of its nuclear power, and adopt the use of small modular reactors (SMRs), said Jeffrey Lyash, its president and CEO.