Tag Archives: swafford

TVA Nuke Chief Paid $552,488 for Leaving

TVA nuclear chief Preston Swafford will be paid an extra $552,488 as severance for leaving the federal utility by October reports the Chattanooga TFP.
In a Securities and Exchange filing today, the Tennessee Valley Authority said Swafford’s resignation is considered “an approved termination” and he will also be eligible for executive bonuses and incentive awards paid to top managers this year.
Swafford, 53, announced this week he will retire from TVA by October. He is being replaced by Joseph P. Grimes, an executive with Exelon Nuclear.
Grimes, who has worked in the utility industry for 30 years, is scheduled to start work with TVA around Labor Day. In a statement this week, TVA Chief Generation Officer Charles “Chip” Pardee, also a former Exelon executive, said that Grimes is the right person to lead TVA’s nuclear division.
Swafford also was hired by TVA from Exelon in 2006 and was paid $2.3 million in fiscal 2012 as TVA’s executive vice president in charge of running TVA’s three operating nuclear plants
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Former Rep. Swafford Loses Bid for Pikeville Mayor

Former state representative Eric Swafford, in an effort to revive his political career after last year’s re-election defeat, failed in his attempt to be elected as mayor of the city of Pikeville, reports the Crossville Chronicle.
Incumbent two-term Mayor Greg Johnson received 311 votes followed by Swafford, who had 94, and perennial candidate Randy A. Sharp received 81 votes.
Swafford served Bledsoe and Cumberland counties in the Tennessee General Assembly, representing the 25th Legislative District, until last fall when present State Rep. Cameron Sexton defeated him handily. Voters were unhappy with the way changes were made in the Cumberland County Election Commission office and credited Swafford with the resulting chaos
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