TVA to get 60 percent of energy from non-carbon sources by 2020: CEO

- 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. “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.” 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.“I expect the fleet to look pretty similar for the next decade,” Johnson said, noting there is “the potential to add a significant amount of solar if customers demand it.”

Sure but sounds like carbon intensity could also increase. Quote: 'It would not surprise me to see solar get into the thousands of megawatts,' Johnson said, noting more solar could require more gas-fired capacity to balance the renewable energy source when the sun stops shining.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla boom lifts Norway's electric car sales to 58 percent market shareAlmost 60 percent of all new cars sold in Norway in March were fully electric, t... ...Lefties should be wary what they wish for...fossil fules will have to be increased for adding power plants when all go EV... Would love to see a breakdown of electric energy sources in Norway. Wind? Fossil? Hydro? I appreciate their leadership. Gee, I wonder if it's because a) the Government stayed out of the market, or b) the Government used other people's money to heavily subsidize the cost?
Source: Reuters - 🏆 2. / 97 Read more »

In Norway, electric cars outsell traditional ones for the first timeNearly 60% of new cars sold in the country in March were battery-powered Wish we had the same incentive in South Africa. Could really boast the economy. But Eskom can't even deliver a reliable electricity supply. Maybe we don't deserve it. Electric cars subsidized by oil money, ironic. Funny that oil revenues.... pay for subsidise of electric cars. Not really a good example of a fair market place.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla boom lifts Norway's electric car sales to record market shareAlmost 60 percent of all new cars sold in Norway in March were fully electric, t...
Source: Reuters - 🏆 2. / 97 Read more »