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The Tennessee Valley Authority’s (TVA) plans to phase out its aging fleet of coal plants within the next 15 years because the plants, like most coal plants, are becoming uneconomical to operate.
For TVA, all replacement options, including natural gas and nuclear, are on the table as it tries to meet the Biden administration’s power sector decarbonization goals and its own mandate to deliver low cost and reliable power to its ratepayers, Jeffrey Lyash, TVA president and CEO, said on Wednesday during an Atlantic Council conference. The federally-owned utility has retired about 60% of its coal generation, he said at the event.
Coal plant replacement options and the TVA’s carbon reduction goals will be discussed at next Thursday’s board of directors meeting, TVA spokesperson Jim Hopson said, and officials expect the federal utility to open up a new integrated resource plan (IRP) process.