TVA’s load growth demand forecasted is expecting over a 30% increase in power demand within the next decade. Like other utilities trending away from fossil fuel power generation due to stringent carbon emission regulations, TVA is retiring their coal-powered plants and replacing with cleaner energy generation and renewable resources.
The trend of moving away from older fossil fuel technology to cleaner generation systems is very costly. TVA recognizes this and has approved moving forward with capital expenditures of $15 billion that it will invest over the next 3 years by performing system reliability upgrades and transition into cleaner energy supply.