If TVA lays off employees to cut operational costs, it won't be because Elon Musk told it to, the utility's CEO said.

(AP) — The CEO of the nation's largest public utility will retire no later than September after nearly six years in his position, the Tennessee Valley Authority announced Friday. Jeff Lyash's ...

He also called for Lyash’s replacement and the position’s pay to be capped at $500,000. In response, TVA has noted that the CEO pay ranks in the bottom quartile of the power industry.