TVA to offer early retirement incentives

TVA to offer early retirement incentives

Posted:

CHATTANOOGA (AP) - The Tennessee Valley Authority is offering retirement incentives to employees of some of its coal-fired power plants.

According to the Chattanooga Times Free Press, TVA wants to cut some of the 2,400 jobs in the fossil plant division. The government-owned utility is talking with workers at its 11 coal-fired plants about retirement options.

TVA spokesman Mike Bradley said the number of staff cuts and when they will occur is still being decided. He wouldn't give details of early retirement incentives to be offered.

TVA settled a dispute with environmental groups and the U.S. Environmental Protection Agency in 2011 by agreeing to idle 18 of its oldest coal units and spending $5 billion to upgrade pollution controls at others.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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