About 600 TVA employees have taken buyouts as part of the federal utility's plan to cut nearly $1 billion in spending by 2026. Departures began in May and will continue through September, a TVA spokesperson confirmed.

“As part of our Enterprise Transformation, we have followed a rigorous process to refine TVA’s operating model and design an organizational structure that prioritizes operational excellence and improves efficiency,” Fiedler said. “To create capacity in the workforce to make sustainable organizational design decisions, a voluntary reduction-in-force offering was made for employees ready for retirement or a new career outside of TVA. More than 600 employees took advantage of the offering and are exiting TVA between May and September.”

The buyouts, offering five days' pay for

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