On Thursday, the Tennessee Valley Authority (TVA), a federally owned energy that runs in Tennessee and Kentucky, voted 5 to 2 to close 2 coal-fired power-generating systems by 2023, according to the Chattanooga Times Free Press
The choice consists of closing the last coal-fired system at the Paradise Fossil Plant by 2020, along with closing the coal-fired Bull Run Steam Plant by2023 On Thursday early morning, the.
TVA tweeted: “The TVA Board votes to retire Paradise System 3 and Bull Run within the next couple of years. Their choice was made after substantial evaluations and public remarks and will make sure ongoing dependable power at the most affordable expense possible. We will deal with affected workers and neighborhoods.”.
The TVA revealed back in August that it would examine the practicality of the 2 generators According to the Times Free Press, the TVA’s Chief Financial Officer John Thomas approximated that “the retirement of the 2 plants will conserve TVA $320 million, due to the fact that the plants are the least effective of TVA’s coal plants and are not required to fulfill TVA’s power requirements.”
The paper stated that 40 percent of the workers affected by the closures are qualified for retirement and those who wish to remain “might be used tasks somewhere else in the energy.”
The choice on Thursday was asserted by a tweet made by President Trump on February 11 stating “Coal is a vital part of our electrical power generation mix and @TVAnews need to offer major factor to consider to all aspects prior to voting to close practical power plants, like Paradise # 3 in Kentucky!”
According to The Hill, the Paradise coal plant’s “leading coal provider is a mine owned by a subsidiary Murray Energy Corp., the country’s biggest independently held coal-mining business. That business’s leader is Bob Murray, an outspoken Trump donor and advocate.”
TVA still has 25 coal generators that it prepares to run out to 2028, although that’s a significant decline from the 59 generators it ran at coal’s height in the 1980 s.