August 27, 2018 Read More →

TVA to consider closing two more coal plants

Utility Dive:

The Tennessee Valley Authority (TVA) Board of Directors approved a 1.5% rate hike on Wednesday, along with a $10.5 billion budget for the upcoming fiscal year, but most importantly announced they would review its generation fleet with an eye towards shutting down older coal plants.

According to S&P Global, the review will first focus on two older, low-efficiency coal plants: the 950 MW Bull Run unit and 1,150 MW Paradise Unit 3.

TVA has six coal plants in operation, with 26 units. Coal makes up about 25% of its generation fleet capacity, down from almost 60% a decade ago.

Although the utility is working to close less-efficient plants, coal will remain a significant part of its operations for at least the next decade. Looking out to 2027, based on the 2018 budget, the utility expects coal to still make up more than 20% of its portfolio.

More: TVA to raise rates, will consider closing older coal plants

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