More aging Tennessee Valley Authority coal plants may be shuttered
King Coal may soon be dethroned as the Tennessee Valley Authority's primary source of power.
After stoking most of its power plants with coal for more than a half-century, TVA appears ready to shut down many of its oldest and least-efficient coal plants in the face of stricter environmental rules and less demand for energy. The federal utility has shut down a half-dozen units in the past two years and is studying options to shutter at least a dozen more.
TVA expects to generate more power from nuclear plants than coal within the next three years.
"The average age of our coal fleet is over 51 years, so I like to joke that I would like to close the ones that are older than me," said Bill Johnson, TVA's 59-year-old CEO, who touts a vision of making TVA a national leader in low-cost, cleaner energy by 2020.
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