Coal Projects in the U.S. - Two Closing, Two Expanding
ID 64620197 © Emmanouil Pavlis | Dreamstime.com
- February 16, 2019
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The Tennessee Valley Authority board of directors voted to shut down two aging coal-fired power plants. Paradise 3 plant in Kentucky will close by December 2020 and the Bull Run plant in Tennessee by December 2023. “It is not about coal. This decision is about economics,” TVA chief executive William D. Johnson said. The board decided that it would be too costly to sustain the 49-year-old plant, which operated only intermittently last year because it was no longer needed to supply uninterrupted power known as baseload. John M. Thomas III, TVA chief financial officer, said that closing the two plants would save ratepayers $320 million without affecting resilience or reliability.
This week in other news, the approval of two coal mining projects was announced for southern Utah. The projects include an expansion and an extension of preexisting sites. Despite the U.S. Department of the Interior's statement declaring "the war on coal is over,” coal seems to be losing the battle and not just in the United States. The U.K. only has seven remaining coal power stations and one of them will close this year. EDF Energy said, the power station was no longer economically viable. Jeremy Nichols, climate and energy director at WildEarth Guardians states, "There's no war on coal. It's just coal's inability to compete with cleaner and more affordable ways to generate electricity."