The coal-burning Bull Run Fossil Plant in Claxton and Paradise Fossil Plant Unit 3 in Kentucky are not economical to operate, and retiring them will offer a savings of about $320 million and avoid more than $1 billion in capital costs, the Tennessee Valley Authority said Thursday.

The TVA Board of Directors voted 6-1 to close Paradise Unit 3 and unanimously agreed to close Bull Run during a meeting in Chattanooga on Thursday. Paradise could close by December 2020, and Bull Run is expected to close by December 2023.

The Bull Run and Paradise closures will be the first 1,700 megawatts of coal plant retirements of the 2,600 megawatts that could be retired through 2033 under a 2015 integrated resource plan, TVA President and Chief Executive Officer Bill Johnson told the board.

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