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TVA’s coal generation now just 20% of total, down from 60% in 2005

first_imgTVA’s coal generation now just 20% of total, down from 60% in 2005 FacebookTwitterLinkedInEmailPrint分享Reuters:The chief executive of the Tennessee Valley Authority said on Tuesday the U.S.-owned power generator expects to get more than 60 percent of its energy from non-carbon-emitting sources by 2020, compared with over 50 percent in 2018.Bill Johnson, who turned 65 in January, announced his retirement as CEO at TVA in November. His last day is Friday. He is expected to be named as the new CEO of California energy company PG&E Corp, which sought bankruptcy protection in January amid potentially staggering liabilities related to wildfires, according to a source familiar with the matter.Since Johnson became CEO of TVA in 2013, the company has spent about $15 billion to modernize its generating fleet, reduced carbon emissions by retiring coal units and cut debt by $3.5 billion, all while keeping consumer electric prices basically flat.“Our generating fleet is now very diverse and clean,” Johnson said, noting the changes were driven by the mandate in the TVA Act “to produce energy at the lowest feasible rate.”TVA’s energy mix is now about 40 percent nuclear, 20 percent natural gas, a little over 20 percent coal, 11-13 percent hydro and the rest renewables and energy efficiency. That compares with 60 percent coal, little gas, 30 percent nuclear and the rest hydro in 2005.In February, TVA’s board voted to shut two more coal plants – Bull Run in Tennessee by 2020 and Paradise in Kentucky by 2023 – for economic reasons despite strong opposition from the Trump administration. When those plants shut, Johnson said coal will only represent about 17 percent of TVA’s energy mix.More: TVA to get 60 percent of energy from non-carbon sources by 2020: CEOlast_img read more