With a net loss for the second quarter and a projected loss for the fiscal year, TVA officials said the utility’s “diet and exercise plan” involves trimming about 1,000 jobs and delaying some capital projects – including work to complete Bellefonte Nuclear Power Plant.
The 1,000 eliminated positions will include about 700 TVA workers and 300 contractors, according to an announcement made to employees after TVA filed its earnings statement with the Securities and Exchange Commission Friday morning.
