Beasley, Allen, Crow, Methvin, Portis & Miles, P.C.

Top executives at the Tennessee Valley Authority (TVA) have been told not to expect their hefty performance bonuses this year because of lagging electricity sales from a weak economy and the massive coal ash spill that has drained the utility of more than a $1 billion. The utility’s CEO banked more than $1 million in bonuses for fiscal year 2008, and the nine executives who answer to him took home a combined $1.2 million. Those executives and some 3,300 other managers and specialists at the TVA were also told not to expect any raises for fiscal year 2010 unless they are promoted within the company.

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