The rule only applies to certain existing coal-fired Electric Generating Units (EGUs) and excludes integrated gasification combined-cycle (IGCC) facilities.
The Clean Energy Optimization Pilot is a performance-based GHG reduction program, in which success will be measured on emissions avoided, rather than measuring reduced energy use.
The New Orleans-based utility, with units in Louisiana, Mississippi, Texas and Arkansas, plans to cut its carbon emissions related to electricity output 50 percent below 2000 levels within 11 years.
The group participating in the initiative launch Thursday included Southern California Edison (SCE), San Diego Gas & Electric, Los Angeles Department of Water & Power, Sacramento Municipal Utility District (SMUD), Portland General Electric, Pacific Power, Puget Sound Energy and Seattle City Light.
The Capitol Power Plant was built and put into operation in 1910.
The assessment says the closings should happen by 2023, although the TVA said that Paradise could close as early as next year. The conclusion comes even though hundreds of residents rallied in support of Paradise over the weekend.
Preliminary power generation, natural gas, and oil consumption data show emissions increased by 3.4 percent in 2018.
According to the International Energy Agency, “2018 is the year of electricity” and global electricity supply “is being transformed by the rise of renewables”.