| 1 | 1 | | |
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| 2 | 2 | | <BillNo> <Sponsor> |
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| 3 | 3 | | |
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| 4 | 4 | | SENATE JOINT RESOLUTION 214 |
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| 5 | 5 | | By Massey |
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| 6 | 6 | | |
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| 7 | 7 | | |
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| 8 | 8 | | SJR0214 |
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| 9 | 9 | | 004534 |
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| 10 | 10 | | - 1 - |
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| 11 | 11 | | |
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| 12 | 12 | | A RESOLUTION to recognize Jeff Lyash, president and CEO of |
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| 13 | 13 | | the Tennessee Valley Authority on the occasion |
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| 14 | 14 | | of his retirement. |
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| 15 | 15 | | |
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| 16 | 16 | | WHEREAS, it is appropriate that we should honor those citizens who have performed |
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| 17 | 17 | | with uncommon devotion and enthusiasm throughout their years of industry; and |
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| 18 | 18 | | WHEREAS, Jeff Lyash is one such estimable person, who has served with distinction for |
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| 19 | 19 | | six years as president and CEO of the Tennessee Valley Authority (TVA), and will soon be |
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| 20 | 20 | | taking his much-deserved retirement, capping a more than forty-year career in the energy |
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| 21 | 21 | | industry; and |
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| 22 | 22 | | WHEREAS, appointed by the TVA Board of Directors in April 2019, Mr. Lyash led the |
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| 23 | 23 | | nation's largest public utility with a focus on building strong partnerships, including the region's |
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| 24 | 24 | | 153 local power companies, and managing sustained regional growth and TVA's largest-ever |
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| 25 | 25 | | capital investment, which includes new power generation and enhancements to transmission |
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| 26 | 26 | | infrastructure; and |
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| 27 | 27 | | WHEREAS, during Mr. Lyash's tenure, TVA has maintained some of the lowest energy |
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| 28 | 28 | | costs and highest reliability in the nation; during the COVID-19 pandemic, TVA's financial |
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| 29 | 29 | | strength and stability allowed it to provide $1 billion in customer relief credits in 2020 and a $200 |
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| 30 | 30 | | million rate reduction in 2021; and |
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| 31 | 31 | | WHEREAS, his leadership led TVA to work with regional partners to deliver the next |
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| 32 | 32 | | generation of American jobs, helping to create approximately $45.9 billion in capital investment |
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| 33 | 33 | | in the past five years alone, creating or retaining more than 326,000 jobs; and |
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| 34 | 34 | | WHEREAS, TVA's efforts under Mr. Lyash have helped to sustain regional growth at |
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| 35 | 35 | | approximately three times the national average; TVA invested over $22 billion in the past |
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| 36 | 36 | | |
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| 37 | 37 | | |
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| 38 | 38 | | - 2 - 004534 |
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| 39 | 39 | | |
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| 40 | 40 | | decade in its power system, including $4 billion in 2024 alone, and has more than 3,500 |
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| 41 | 41 | | megawatts of new generation under construction or online; and |
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| 42 | 42 | | WHEREAS, Mr. Lyash played a pivotal role in the development of TVA's Long-term |
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| 43 | 43 | | Partnership Proposal, a twenty-year business agreement between TVA and its local power |
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| 44 | 44 | | company partners, with ninety-five percent of the region's 153 local power companies signing |
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| 45 | 45 | | onto the agreement; and |
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| 46 | 46 | | WHEREAS, Mr. Lyash oversaw the launch of TVA's $1.5 billion energy efficiency |
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| 47 | 47 | | initiative to assist customers and businesses in reducing their energy costs and using energy |
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| 48 | 48 | | wisely; this effort is expected to offset approximately thirty percent of future load growth over the |
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| 49 | 49 | | next decade; and |
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| 50 | 50 | | WHEREAS, an advocate and champion for nuclear energy, Jeff Lyash has positioned |
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| 51 | 51 | | TVA as a national leader in the development of advanced nuclear technologies; in 2019, TVA |
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| 52 | 52 | | became the nation's first utility to successfully obtain approval for an early site permit from the |
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| 53 | 53 | | U.S. Nuclear Regulatory Commission to potentially construct and operate a small modular |
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| 54 | 54 | | reactor (SMR) at its Clinch River site; and |
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| 55 | 55 | | WHEREAS, throughout his estimable career, Jeff Lyash has demonstrated the utmost |
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| 56 | 56 | | professionalism, ability, and integrity; now, therefore, |
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| 57 | 57 | | BE IT RESOLVED BY THE SENATE OF THE ONE HUNDRED FOURTEENTH |
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| 58 | 58 | | GENERAL ASSEMBLY OF THE STATE OF TENNESSEE, THE HOUSE OF |
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| 59 | 59 | | REPRESENTATIVES CONCURRING, that we ext end to Jeff Lyash our heartfelt wishes for a |
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| 60 | 60 | | happy and fulfilling retirement and every continued success in his future endeavors. |
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| 61 | 61 | | BE IT FURTHER RESOLVED, that an appropriate copy of this resolution be prepared |
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| 62 | 62 | | for presentation with this final clause omitted from such copy and upon proper request made to |
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| 63 | 63 | | the appropriate clerk, the language appearing immediately following the State seal appear |
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| 64 | 64 | | without House or Senate designation. |
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