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Message Subject *** Fukushima *** and other nuclear-----updates and links
Poster Handle Waterbug
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Good enough for a top .gov job...?

Who's to blame for costly debacle?
[link to www.power-eng.com]


Bill Johnson.

He was the CEO of Progress Energy, headquartered in Raleigh, N.C., when Progress Energy Florida decided to pursue a "we-can-do-it-cheaper" repair of its sole nuclear power plant in the Sunshine State.

Johnson is the boss who accepted a staff recommendation that cutting a hole in Crystal River's containment vessel - to replace steam generators - would be less complicated and less expensive than using an existing hatch.

Wrong. As CEO, the buck stopped with Johnson.

Johnson's one-day tenure could bring him up to a $44.7 million post-exit payday. It includes $10.3 million in severance, bonus and benefits, states an SEC filing, as long as he keeps quiet and agrees not to criticize his former employer.

In November, Johnson was named CEO of the Tennessee Valley Authority, the nation's largest government utility. He will receive as much as $4 million a year in pay and bonus.

Big paychecks for doing a lousy job hardly sends the right message to the public.



Sounds like he'll do well in DC.
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