* Firm, Washington state aim to cut emissions by 2025
* Targets are to protect jobs, value for investors
CALGARY, Alberta, April 26 (Reuters) - TransAlta Corp (TA.TO) said on Monday it began talks with the state of Washington on moving the Centralia coal-fired power plant to cleaner fuel to cut greenhouse gas emissions.
TransAlta, which runs coal- and gas-fired,as well as renewable power facilities in Canada and the United States, said it signed a memorandum of understanding with the state to work toward reducing emissions and providing replacement capacity by 2025.
The agreement for the 1,375 megawatt generating station sets objectives and timelines for moving to cleaner energy sources while protecting jobs.
It also recognizes TransAlta's need to protect value for its shareholders, it said.
The MOU follows an executive order from Washington Governor Chris Gregoire in 2009, which directed the state's Department of Ecology to work with the power company to reduce Centralia's carbon emissions. (Reporting by Jeffrey Jones; editing by Rob Wilson)