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)