Commodities
Fossil Fuel Power Fell Up to 68% as Blackouts Hit US South
- Duke Energy, Tennessee Valley Authority instituted blackouts
- Blackouts were latest example of failure in the US grid
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Power plants that burn coal and natural gas to produce electricity had significant drops in generation as a winter storm hit the US Southeast, forcing blackouts that left hundreds of thousands in the dark.
Duke Energy Corp. and the Tennessee Valley Authority cut power to homes and businesses during the holiday season as an extreme winter storm pummeled the region. Duke instituted rotating outages Dec. 24 that interrupted service to about 500,000 customers, while TVA for the first time in its history had rotating blackouts Dec. 23 and Dec. 24.