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In his first State of the State address, Gov. Gavin Newsom said climate change is putting pressure on all of California's utilities, public and private, and that two recently had their credit ratings downgraded.
TVA's board of directors on Feb. 14 approved the retirement of Paradise Unit 3 in Drakesboro, Ky., and the Bull Run facility in Clinton, Tenn., older coal generating units that TVA describes as "not designed to efficiently respond to today's continually fluctuating power needs of customers."
The goal is to reclaim and recycle critical materials such as cobalt and lithium from lithium-based batteries cost effectively.