TVA Prepares for Layoffs

Mar. 31 - Hundreds of employees at the Tennessee Valley Authority may soon be out of work.

TVA is considering eliminating 600 to 800 jobs as part of a cost cutting move. The cuts would represent the largest down-sizing at the utility in a decade.

TVA is preparing for industry deregulation by reducing expenses. If needed, officials say layoff notices will go out April 22nd.