Tennessee Valley Authority (TVA) CEO Don Moul is set to retire from the federally-owned utility July 1, according to a Monday Securities and Exchange Commission (SEC) filing.
Moul became the president and CEO of TVA in April 2025 after then-CEO Jeff Lyash retired. His tenure will come to a close after nearly one year. Prior to his time as CEO, Moul joined TVA as the chief operating officer in 2021.
Moul’s retirement announcement comes weeks after President Donald Trump proposed a $500,000 salary cap for all TVA employees on March 11. Under that proposal, Moul would have seen a 90% pay cut as he made around $5 million as TVA CEO in 2025, according to an April 4 Knoxville News Sentinel article.
Jeff Hagood, TVA board chair-elect, said in a Knoxville News Sentinel Tuesday article that he expects the board to move in short order to fill the utility’s CEO role.
Before joining TVA, Moul worked 40 years in the energy industry, including high-level management roles at American Electric Power and NextEra Energy.
During Moul’s tenure as TVA CEO, TVA’s board of directors saw much turnover after Trump fired multiple Joe Biden-appointed members. With the board lacking a quorum, TVA was unable to make any strategic decisions during that time.
Trump appointed four new members, Arthur Graham, Mitch Graves, Hagood and Randall Jones to the board which restored the quorum earlier this year.