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TVA to close eight coal-fired power plants

  • 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
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Comments (9)
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    (WLT) is NOT a thermal Coal Stock these analyst idiots can;t seem to get it right...
    15 Nov 2013, 10:23 AM Reply Like
  • JFain
    , contributor
    Comments (14) | Send Message
     
    Correction: Not 8 "coal fired power stations" (which to me implies plants), but 8 coal units are being shuttered...6 in AL and 2 in KY. Plus TVA plans to build a ~$1.1B natural gas-fired plant in KY. See http://bit.ly/17yDtRE .
    15 Nov 2013, 12:05 PM Reply Like
  • Falconflight
    , contributor
    Comments (167) | Send Message
     
    What happens when NG is unbridled by competition from mostly coal? The consumers won't know what hit them.
    15 Nov 2013, 12:36 PM Reply Like
  • justaminute
    , contributor
    Comments (869) | Send Message
     
    Invest accordingly.
    16 Nov 2013, 01:34 AM Reply Like
  • 6151621
    , contributor
    Comments (1180) | Send Message
     
    WLT does have minimal thermal coal production. It was something like 25% of their tonnage but when prices are considered it really does become economically of minimal significance. Also, they are liquidating some of their thermal capacity.
    15 Nov 2013, 01:00 PM Reply Like
  • mjrcme
    , contributor
    Comments (86) | Send Message
     
    I am heavilly over weight Walter Energy, (WLT). 40% of their met coal
    goes to Europe. Looks like a decent shot into year end. Wish me luck.
    15 Nov 2013, 09:24 PM Reply Like
  • TFCAB
    , contributor
    Comments (2013) | Send Message
     
    yeah......CLF has gone from 20 to 27 in 4 weeks and heading higher. Keep it on your dead list idiots
    15 Nov 2013, 09:55 PM Reply Like
  • Fanebrb
    , contributor
    Comments (646) | Send Message
     
    CLF is going tobe a NG supplier in place of coal & don't forget their iron ore business.
    16 Nov 2013, 12:40 AM Reply Like
  • tomasitaylor
    , contributor
    Comments (40) | Send Message
     
    Another angle that comes into play on this is gas pipeline transportation and storage. In the past, getting gas and pipeline supply during peak demand periods has been a problem (Southern Company, Entergy and others also rely on gas generation in this area and are bidding on the same supplies). There will probably be some buildout required in the near term to meet additional demand with the new gas generation planned.
    18 Nov 2013, 09:11 AM Reply Like
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