Printer Friendly

TVA TO BECOME A SELLER OF EMISSIONS ALLOWANCES

 KNX?VILLE, Tenn., March 1 /PRNewswire/ -- As a result of exceeding requirements of the 1990 Clean Air Act Amendments, the Tennessee Valley Authority will be in a position to become a net seller of emissions allowances.
 Allowances are given to utilities for early installation of units that remove or "scrub" sulfur dioxide discharges from coal-fired plants' emissions.
 TVA has committed to installing scrubbers on Units 1 and 2 of its Cumberland Fossil Plant in Cumberland City, Tenn., before Jan. 1, 1997, the EPA's deadline for Phase I scrubber installation. The two units are the largest coal-burning units in TVA's power system, burning 6 million tons of west Kentucky coal annually.
 The installation of scrubbers will enable TVA to achieve overcompliance with Phase I of the Clean Air Act Amendments' regulations and ensure the receipt of emissions allowances. TVA intends to sell some of the allowances to offset its cost of installing scrubbers.
 "We are committed to meeting the needs of the environment and the economic needs of the Valley. Installing scrubbers will allow us to achieve that goal," said Joseph W. Dickey, TVA's senior vice president of fossil and hydro power. "Our investment in scrubbers will allow us to continue using coal mined in the TVA region while also improving air quality."
 Emissions allowance trading is an innovative market-based approach to controlling utility emissions developed by Congress, industry and environmental groups. It is credited with breaking the logjam in Congress that had prevented passage of the Clean Air Act Amendments for nearly a decade.
 The EPA estimates the allowance trading market will achieve the same level of emission reductions as the customary method of setting specific plant-by-plant limits, but at significantly lower costs.
 TVA helped to launch the EPA's emissions allowances market in May 1992 when it purchased 10,000 allowances from Wisconsin Power and Light of Madison, Wis. TVA announced its intention at that time to engage in additional emissions trading in the future by selling some of its allowances to other utilities.
 -0- 3/1/93
 /CONTACT: Arlethia Perry-Johnson, TVA, 615-632-2006/


CO: Tennessee Valley Authority ST: Tennessee IN: UTI SU:

SB -- CH004 -- 1419 03/01/93 12:34 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 1, 1993
Words:361
Previous Article:MAC NETWORK ADDS CONVENIENCE FOR DELAWARE, MARYLAND, NEW JERSEY AND PENNSYLVANIA MAC CARDHOLDERS
Next Article:COKE CONSOLIDATED ANNOUNCES 1992 RESULTS


Related Articles
ABB UNIT RECEIVES $70 MILLION TVA AWARD
CLEAN AIR CAPITAL MARKETS ANNOUNCES FIRST DEAL UNDER NEW CLEAN AIR ACT
CLEAN AIR CAPITAL MARKETS STRUCTURES SECOND DEAL UNDER NEW CLEAN AIR ACT
Fuel for tomato farm imperils the Smokies.
TVA OFFERS TRANSITION PLAN TO ZERO OUT FEDERAL FUNDING FOR TWO PROGRAMS
Air Quality: TVA Plans to Reduce Air Emissions Further, but Could Do More to Reduce Power Demand.
TVA Fossil Plant Emissions Lowest in History.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters