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Article: Tennessee Valley Authority to Buy More Coal.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 16, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Jun. 17 -- The Tennessee Valley Authority, which was formed 67 years ago to harness the power of the Tennessee River, has committed to try to also harness more of its power from the coal fields within its service territory.
TVA Chairman Craven Crowell Wednesday approved a $300 million contract to buy up to 12 million tons of Kentucky coal over the next six years. The new contract expands the amount of Kentucky coal TVA will buy from AEI Resources Inc. by up to 3 million tons and extends the use of Tennessee Valley coal well into the next century.
The share of electricity generated from coal in the Tennessee ...