TVA Settlement for Clean Air Act Violations Includes $3 To $5 Billion in Pollution Control Upgrades

[Nathanael]

Despite a growing renewable energy portfolio which currently generates 4,300 MW as well as a target to be the United States' leading provider of low-cost, clean energy by 2020, the Tennessee Valley Authority (NYSE: TVC) (TVA) is required to pay significant fines for its Clean Air Act violations.

The TVA, which is an independent corporate agency of the U.S. government, is one of the largest providers of electricity in the nation -- serving nine million people across seven states. Recently, the power giant settled with the Environmental Protection Agency (EPA) for alleged Clean Air Act violations at all 11 of its coal-fired power plants.

In January 2011, Anda Ray, TVA senior vice president for Environment and Technology said that part of the utility's vision to become the nation's leader in providing cleaner energy includes "being a national leader in improving air quality."

Link: http://www.energyboom.com/emerging/tva-settlement-clean-air-act-violations-includes-3-5-billion-pollution-control-upgrades-coa