"TVA Considering Shuttering 2 Coal Plants"

"The Tennessee Valley Authority could retire two of its six remaining coal plants, as the federally owned power supplier undertakes a study of its entire generation fleet just one day after the U.S. Environmental Protection Agency said it is seeking to replace Obama-era emissions controls.

Citing a "mismatch" between TVA's energy supply and customer demand, President and CEO Bill Johnson said Aug. 22 that his staff will spend three to six months evaluating whether all its power plants are performing economically in support of its congressionally mandated mission of providing electricity at the lowest feasible cost.

TVA staff will first focus on low-efficiency, high-cost assets, namely the 950-MW Bull Run coal unit in Anderson, Tenn., which came online in 1967, and the 1,150-MW Paradise coal unit 3, which started up in 1970. Two other units at the Paradise plant in Muhlenberg, Ky., were retired in 2017 and replaced with a more efficient combined-cycle gas plant that same year."

Colby Bermel reports for S&P Global August 22, 2018.

Source: S&P Global, 08/27/2018