TVA is offering a severance package to some of its employees, in exchange for voluntary retirement.
The agency is trying to find ways to save money due to decreased demand and revenue.
TVA says energy efficiency programs are working and the economy has resulted in decreased demand.
The voluntary retirement deals will only be offered to select employees in the coal operations and engineering and environmental support services divisions.
Coal operations is cutting back because TVA will retire 18 coal units over the next few years. TVA will adjust the engineering and environmental support services division to make sure its size is appropriate for demand.