The Tennessee Valley Authority will be offering retirement incentives to workers at the agency’s 11 coal plants in an effort to cut some of the 2,400 jobs in its coal division, according to a report in the Chattanooga Times Free Press.
“For environmental and economic reasons, we are making some strategic decisions about idling or retiring some of our coal units,” TVA spokesperson Mike Bradley was reported as saying by the Times Free Press. “As we proceed with these idling across our coal fleet, there are going to be reductions in the number or positions needed.”
According to the report, the TVA has yet to determine the number and timing for the staff cuts and is declining to specify details of the early retirement incentives.
TVA reached a settlement with the U.S. Environmental Protection Agency in April 2011 that requires the agency to retire 18 of its older coal-fired generation units at three power plants and install between $3 billion and $5 billion on emission-control equipment.
The agency announced last month that it is moving forward with a $1 billion project to install additional environmental controls at the Gallatin Fossil Plant in Gallatin, Tenn.
The FY 2014 budget released by President Barack Obama’s administration indicated it is looking into selling all or part of the Tennessee Valley Authority, stating the agency is one of a group of programs that “have achieved their original objectives and no longer require Federal participation.”
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