TVA To Replace Coal Units With $1B Gas-Fired Plant

Law360, New York (November 15, 2013, 4:43 PM EST) -- In response to changing economic and regulatory conditions, the Tennessee Valley Authority board of directors on Thursday approved a plan to retire eight coal units to make way for the construction of a $1 billion gas-fired plant at its Paradise Fossil Plant facility in Kentucky.

The TVA, a U.S. government-owned corporation that provides electricity for 9 million people in the Southeast, approved the plan after an environmental assesment concluded that the swapping of the coal plants for a single gas plant would help TVA in its...
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