TVA Continues Steady Elimination Of Coal Fleet: By 2027, Only 15% Of Power Will Come From Coal
U.S.-owned power generator Tennessee Valley Authority said on Thursday it expects to continue cutting carbon emissions and reducing energy costs by producing more power with natural gas and nuclear while shutting old coal plants.
"Ten years ago 60 percent of TVA's energy came from coal. Ten years from now coal will be just 15 percent," TVA Chief Executive Bill Johnson said, noting the company has retired more than half its coal plants over the past decade.
That swing from coal to other fuels allowed TVA to cut carbon dioxide emissions by 50 percent below 2005 levels this year. Johnson said the company expects to cut CO2 emission by 60 percent below 2005 levels by 2020 and 70 percent by 2030.
Despite efforts by President Donald Trump to sweep away former President Barack Obama's climate change regulations, like the Clean Power Plan, and his decision on Thursday to withdraw from the Paris climate agreement, Johnson said TVA would continue with previously announced plans to shut old coal plants for economic reasons. We started down this path before anyone ever heard of the Clean Power Plan or the Paris climate agreement by looking for the cheapest way to serve customers," Johnson said.
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http://www.reuters.com/article/us-utilities-tva-natgas-idUSKBN18T06C
