Dive Brief:

• The Tennessee Valley Authority (TVA) board of directors voted Thursday to retire 3,067 megawatts of coal-fired capacity in light of slumping power sales and looming regulations from the Environmental Protection Agency.
• "These are some of the realities. We need to adapt and evolve … to reflect the world in which we operate," TVA President and CEO William Johnson said. The move would create an energy portfolio of about 40% nuclear energy; 20% coal-fired generation; 20% natural gas-fired generation; and 20% hydropower, renewable energy and energy efficiency.

Dive Insight: 

The move by TVA, which has long been wed to coal-fired generation, complements its efforts to diversify its generation portfolio by adding renewable power and institute energy efficiency programs. It is another step in the federal government-owned corporation's evolution into a laboratory for Obama administration energy policies.