TVA President, CEO to retire after nearly 6 years
Lyash was appointed to the position of president and CEO by the TVA's board of directors in April 2019. Under his guidance, the TVA helped create approximately $45.9 billion in capital investment, and created or retained more than 326,000 jobs.
TVA asks for public input on impact of Clinch River Nuclear Site
Although Lyash is expected to retire by the end of the fiscal year, which ends on October 2, the TVA shared that he will continue to lead the TVA until the Board of Directors selects his successor.
'For the past six years, it's been my privilege to serve with an experienced, talentedteam at TVA,' said Lyash. 'TVA truly is a special place – created more than 90 years ago toimprove the quality of life for more than 10 million people across this region.'
Lyash added he could not think of a better place to close out his career than the TVA, serving people just like those in his hometown of Shamokin, Pennsylvania.
'While I'm looking forward to my next chapter, spending more time with family,grandchildren, and friends, I will miss our TVA team and the relationships we've built across thisregion. The true strength of TVA is its people – an experienced and passionate workforce whowork every day to make a difference.'
Under Lyash's leadership, the TVA also became the first utility company to obtain approval from the U.S. Nuclear regulatory commission for an early site permit to potentially construct and operate a small modular reactor at the Clinch River Nuclear Site. Since 2023, the TVA has been working with GE Hitachi, Ontario Power Generation and Synthos Green Energy to develop the standard design for the BWRX-300 small modular reactor.
'Nuclear is the most reliable and efficient energy the world has ever known, and TVA is uniquely positioned to help drive this forward. Advanced nuclear technologies will play a critical role in our region and nation's drive towards great energy security,' Lyash said.
Decades suffering from autoimmune diseases, Knoxvillian Cindy Siegel Shepler traveled to Europe to end her life
Currently, the TVA is leading an application, with 11 nuclear industry partners and the State of Tennessee, for an $800 million U.S. Department of Energy grant to accelerate the construction of the nation's first modular reactor.
Before joining the TVA, Lyash worked as the president and CEO of Ontario Power Generation, one of the largest electricity generating companies in Canada with a diverse fleet of nuclear,hydroelectric, gas, biomass, and renewable generating stations
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
4 days ago
US home sales fall in June as prices soar to new heights
LOS ANGELES -- Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels. Existing home sales fell 2.7% last month from May to a seasonally adjusted annual rate of 3.93 million units, the National Association of Realtors said Wednesday. Sales were flat compared with June last year. The latest home sales fell short of the 4.01 million pace economists were expecting, according to FactSet. Home prices increased on an annual basis for the 24th consecutive month. The national median sales price rose 2% in June from a year earlier to $435,300, an all-time high. The U.S. housing market has been in a slump since early 2022, when mortgage rates began to climb from pandemic-era lows. Home sales fell last year to their lowest level in nearly 30 years. So far this year, the average rate on a 30-year mortgage has remained relatively close to 7%, according to mortgage buyer Freddie Mac. Homes purchased last month likely went under contract in May and June, when the average rate on a 30-year mortgage ranged from 6.76% to 6.89%. High mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting their purchasing power. The trend is a key reason for why this year's spring homebuying season has been a bust. 'The second half of the year really depends on what happens with mortgage rates,' said Lawrence Yun, NAR's chief economist. The affordability constraints are limiting the activity of first-time buyers. They accounted for 30% of homes sales last month, unchanged from May. Historically, they made up 40% of home sales. Home shoppers who can afford to buy at current mortgage rates or pay in cash are benefiting from more properties on the market. There were 1.53 million unsold homes at the end of last month, down 0.6% from May, but up nearly 16% from June last year, NAR said. That's still well below the roughly 2 million homes for sale that was typical before the pandemic, however. June's month-end inventory translates to a 4.7-month supply at the current sales pace, up from a 4.6-month pace at the end of May and 4 months in June last year. Traditionally, a 5- to 6-month supply is considered a balanced market between buyers and sellers. Homes for sale are staying on the market longer as sales remain in the doldrums. Properties typically remained on the market for 27 days last month before selling, up from 22 days in June last year, NAR said.
Business Wire
5 days ago
- Business Wire
TVA and Type One Energy Sign First Contracts for Fusion Power Plant Project
KNOXVILLE, Tenn.--(BUSINESS WIRE)--The Tennessee Valley Authority (TVA) and Type One Energy announced today that they had signed the first set of commercial contracts related to Project Infinity, which is developing fusion power plant technology to supply the Tennessee Valley with secure, reliable, and clean energy by as early as the mid-2030s. TVA, through its Power Service Shops (PSS) facility in Muscle Shoals, Alabama, and with support from other locations, will assist in the development of tailored welding and fabrication techniques for Project Infinity. These manufacturing and construction methods will be used for the Type One Energy Infinity One stellarator fusion machine currently being deployed at TVA's Bull Run Fossil Plant near Knoxville, TN. They are also intended for the potential subsequent TVA fusion power plant project, which utilizes Type One Energy's Infinity Two stellarator technology. 'TVA Power Service Shops have a long, storied history and we look forward to being part of this initiative,' said Doug Keeling, TVA's Vice President for the PSS. With these contracts, Project Infinity will include participation by one of the region's leading industrial technology centers. The TVA PSS draws on almost a century of expertise in power generation component overhaul and repair techniques to aid in developing practical welding processes and fabrication methods for the world's first commercial fusion power plant project. They exercise the economic engagement of the Tennessee Valley and its workforce in creating the future of energy. Developing a commercially viable fusion power plant requires not only the uniquely stable, steady-state, and efficient operating characteristics of stellarator technology, but also the broad manufacturing, construction, and operating experience of the power generation industry. 'I have seen TVA's capabilities from my previous work with them in the nuclear and hydro power sectors,' said Mark Ruis, Type One Energy's Vice President for Stellarator Maintenance and Inspection Solutions. 'Their PSS facilities, and highly skilled workforce which repairs and refurbishes some of the most challenging components in the power industry, will significantly derisk our ability to deliver Infinity One and Infinity Two.' The ability for Project Infinity to deliver near-term economic benefit for the Tennessee Valley is being demonstrated by the work which will begin immediately as a result of these contracts with Type One Energy. 'TVA Power Service Shops have a long, storied history and we look forward to being part of this initiative,' said Doug Keeling, TVA's Vice President for the PSS. The advanced manufacturing contracts with PSS are one aspect of the quick pace of activities surrounding deployment of Infinity One at TVA's retired Bull Run Fossil Plant in Clinton, TN. Engineering and construction work to prepare the facility for assembly of Infinity One is underway by a team of TVA and Type One Energy employees.
Yahoo
18-07-2025
- Yahoo
Vacation Is Calling: T'way Air Adds Jeju and Doubles Seoul Flights from Singapore
Book by July 31 to Enjoy Early Bird Fares, Promo Code, and Bonus Coupons on Flights to Korea SINGAPORE, July 18, 2025 /PRNewswire/ -- T'way Air, Korea's leading low-cost carrier, is expanding its summer flight offerings with increased connectivity between Singapore and Korea, alongside exclusive seasonal promotions. Available through July 31, the offer applies to Singapore – Incheon (Seoul), and Singapore – Jeju bookings for travel through October 25, 2025. To meet growing demand, T'way Air operates daily Singapore–Incheon flights using A330-200 and A330-300 aircraft. From July 23 to August 15, the route increase to twice daily, then shift to a mixed schedule from August 16 to 31, with two flights on Thursdays and Sundays, and one flight on other days. From September 1, the route will operate one daily. The airline will also inaugurate its new Singapore-Jeju route on August 16 on the Boeing 737 Max 8. As part of the campaign, T'way Air is offering a range of downloadable coupons until July 31: SGD 15 Off Coupon: valid on Singapore–Incheon, Singapore–Jeju bookings of SGD 150 or more, travel period from July 2025. SGD 40 Off Coupon: valid on Singapore–Incheon, Singapore–Jeju bookings of SGD 400 or more, travel period from July 2025. SGD 50 Early Bird Coupon: valid on Singapore– Incheon, Singapore– Jeju bookings of SGD 400 or more, travel period from September 2025. Additionally, passengers booking flight to Incheon or Jeju using promo code VACAYKR can save up to 15% (actual savings vary with the exchange rate at purchase). From sizzling street food at Gwangjang Market to the timeless beauty of Changdeokgung Palace, Seoul offers a vibrant mix of culture, history, and flavor that captivates every traveler. Down south, Busan's laid-back beach vibe and Jeju Island's quiet natural beauty offer a refreshing summer retreat. Whether you are a foodie, a history lover, or a k-pop enthusiast, South Korea welcomes travelers with open arms. For full flight schedules, coupon terms, and booking details, visit T'way Air currently serves 60 destinations worldwide and continues to expand its network. About T'way Air T'way Air Co., Ltd., headquartered in Daegu, South Korea, is a leading low-cost carrier (LCC) providing affordable and reliable air travel since 2010. T'way Air serves customers across East Asia, Southeast Asia, Central Asia, Oceania, and Europe with a modern fleet of Boeing 737-800s, 737 MAX 8s, and Airbus A330s, and Boeing 777-300ERs. T'way Air continues to expand its global network, offering great value to passengers worldwide. For more information, please visit Media Contact T'WAY AIR Public Relations twaypr@ View original content to download multimedia: SOURCE T'way Air Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
