Jeff Lyash, the head of the Tennessee Valley Authority, is preparing to step down after nearly six years. According to WBIR, Lyash plans to retire no later than the end of the fiscal year, which concludes on September 30.
During his tenure, Lyash has been credited with significant contributions to the nation's largest public utility, including a record capital investment expansion and the retention or creation of over 326,000 jobs. "For the past six years, it’s been my privilege to serve with an experienced, talented team at TVA," Lyash said, according to a report by WVLT. Additionally, under Lyash's guidance, the TVA has pursued the development of small modular nuclear reactors, a move towards innovative clean energy solutions.
Lyash, named CEO by the TVA Board of Directors in April 2019, leaves behind a noteworthy legacy at the company. His leadership oversaw the largest capital investment in the agency's history and managed growth within the company, as noted by the WBIR article. TVA Board Chair Joe Ritch hailed him as "one of the top leaders in the energy industry."
Throughout his time with TVA, Lyash also focused on advanced nuclear technologies to bolster energy security. He brought the first utility company to gain approval from the U.S. Nuclear Regulatory Commission for an early site permit for constructing a small modular reactor. TVA is currently leading a grant application alongside 11 industry partners to accelerate the construction of a modular reactor with support from the State of Tennessee and a $800 million U.S. Department of Energy grant.
Reflecting on his upcoming retirement, Lyash shared with WATE that he looks forward to spending more time with family, grandchildren, and friends but will miss the TVA team and regional relationships he's fostered. The TVA Board of Directors is currently searching for his successor. In the meantime, Lyash will continue to serve as CEO until a successor is named.
