CHARLOTTE, N.C. -- The former chief of Progress Energy who was ousted as CEO of Duke Energy will head the Tennessee Valley Authority, according to the Charlotte Observer.
Bill Johnson will take over as CEO for TVA, a federally owned corporation with 9 million customers in parts of seven states.
TVA is scheduled to announce a new CEO Monday morning at its corporate headquarters in Knoxville.
Johnson is a former corporate lawyer who eventually became CEO at Progress since starting his career in the company s legal department in 1992, when the utility was called Carolina Power & Light.
Johnson had been CEO at Progress for five years and was expected to take the helm at Duke until he was let go in July.