The president and CEO of the Tennessee Valley Authority, Don Moul, has notified the board of his intent to retire, Local 3 has learned.
His retirement will be effective on Wednesday, July 1, a TVA spokesman tells us over email.
The news comes just weeks after President Trump recommended a $500k pay cap for all TVA employees.
Moul’s base salary is $1.2 million, according to the U.S. Securities and Exchange Commission (SEC), but there were performance-based incentives that made it even higher.
Director Mitch Graves says the board appreciates his service to employees and the people of the Tennessee Valley:
“Under his leadership, TVA has had strong operational and financial performance delivering reliable, affordable, American energy that helps communities across our seven states prosper.”
Moul was appointed by the board of directors in April 2025 and had previously served as TVA’s executive vice president and chief operating officer.
During his tenure, TVA and ENTRA1 reached an agreement to collaborate and develop plans to provide TVA with up to 6 gigawatts of new nuclear power generation from small modular reactors.
We’re working to learn more about this story.