The Tennessee Valley Authority will replace its two oldest coal-fired units at the Paradise Fossil Plant in Kentucky with a combined-cycle natural gas plant expected to cost about $1 billion.
TVA President Bill Johnson said today that the new gas-fired plant should be built by the summer of 2017 and will replace units 1 and 2 at Paradise, which the TVA board voted in November to shut down.
“We have determined that a combined-cycle gas plant at Paradise will help ensure power system stability and reliability in the northern-most part of our service area while meeting environmental regulations,” Johnson said.
TVA has bought or built five combined-cycle gas plants since 2007. The new Paradise gas plant will be similar to the gas-fired plant TVA erected at the John Sevier plant in Kentucky.
Johnson has set a long-term goal of getting 20 percent of TVA's power generation from natural gas, compared with 20 percent from coal, 20 percent from hydro and other renewable sources and 40 percent from nuclear power.
Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...