- The Tennessee Valley Authority intends to shut eight coal-fired power stations in Alabama and Kentucky as part of a 2011 agreement with the Environmental Protection Agency to retire 18 such facilities by 2018.
- While expected, the TVA's move is a further blow to the coal industry as it struggles to cope with stricter environmental regulations and low natural-gas prices. The TVA is also reviewing some of its other coal facilities.
- Coal's loss is nuclear's gain, though, as the TVA's goal is to generate 40% of its electricity from nuclear power plants. (PR)
- Coal Tickers: CNX, BTU, CLF, ANR, WLT , ACI, JRCC.
- ETFs: URA, KOL
TVA to close eight coal-fired power plants
From other sites
at CNBC.com (Jan 12, 2015)
at CNBC.com (Dec 11, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Dec 1, 2014)
at CNBC.com (Nov 24, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs