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TVA votes to close coal fired power plant despite objections from Trump

Power News - Published on Mon, 18 Feb 2019

Image Source: Greentech Media
Green Tech Media reported that Tennessee Valley Authority has voted to close a coal-fired power plant that President Donald Trump took to Twitter to defend this week, yet another statistic in coal’s losing economic battle against natural gas and renewable energy alternatives, even in the heart of coal country. At a Thursday meeting in Nashville, Tenn, board members of the New Deal-era federal power agency voted 5-to-2 to approve a staff plan to close the last remaining unit of the Paradise Fossil Plant, located in western Kentucky, by the end of next year. The vote came despite objections from the community, as well as the Republican-led state legislature, governor and congressional delegation including Senate Majority Leader Mitch McConnell over the job losses and economic impacts of retiring the plant.

Mr Trump, who has the political support of Robert Murray, CEO of Murray Energy, a major coal supplier to the Paradise plant, joined the chorus with a Monday tweet stating that coal “is an important part of our electricity generation mix” and TVA “should give serious consideration to all factors before voting to close viable power plants.”

The Trump administration has claimed that many of the uneconomic coal plants planned to close over the coming years are critical to maintaining a resilient and reliable grid a stance that has been refuted by evidence and testimony from grid operators, energy industry analysts, and most of the current members of the Federal Energy Regulatory Commission.

TVA staff laid out evidence that the Paradise plant, as well as another coal plant slated for retirement by 2022, the Bull Run Fossil Plant, are costing ratepayers far more than they’re worth. Retiring both plants is expected to save the 10 million or so customers served by utilities that get their power from TVA about USD 320 million over 10 years, according to staff estimates.

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Posted By : Rabi Wangkhem on Mon, 18 Feb 2019
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