News Release
Contact: Barry Dillon
Phone: (770) 270-7835
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Georgia Transmission Corporation Announces Departure of President and CEO
Chairman Fendley Commends Chinn For Accomplishments
TUCKER, Ga. -- Georgia Transmission Corporation today announced that Carol M. Chinn, president and CEO, will be leaving the company at the end of the year, after serving nearly three years as the head of the state's not-for-profit electric transmission cooperative.
The board of directors will immediately initiate a search for a new CEO. Michael L. Smith, the company's chief financial officer and senior vice president for finance and administration, will serve as interim president and CEO.
"Under Carol's leadership, this company has made measurable improvements in electric reliability and cost effectiveness," said Charles R. Fendley, chairman of the company's board of directors. "In 2003, in fact, the corporation had its best year ever for reliability, and much of the credit goes to Carol's strategic thinking and passion for reliability and cost-effective service. She has instituted changes that will benefit our member cooperatives for years to come."
Georgia Transmission plans, builds and maintains an electric transmission system that includes more than 2,600 miles of high-capacity power lines. The company is owned by, and provides services to, 39 of Georgia's 42 electric membership cooperatives (EMCs).
Ms. Chinn served as the top executive of one of the nation's few transmission-only electric companies. She joined Georgia Transmission Corporation in 1999 as the vice president of System Planning, prior to her selection as president and CEO in January of 2002. Chinn's more than 23 years in the electric industry include 18 years with Florida Power & Light.
About Georgia Transmission Corporation: GTC is a not-for-profit cooperative owned by 39 electric membership cooperatives. Georgia Transmission delivers the high-capacity, long-haul power to the EMCs, which in turn provide electrical service to more than 3.8 million customers. The corporation plans, builds and maintains a transmission system of more than $1 billion in assets, including more than 2,600 miles of power lines and 570 substations.
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