Post by pavel on May 5, 2016 21:45:33 GMT -6
TVA to sell unfinished Alabama nuclear plant that cost $4 billion
NASHVILLE (AP) — The nation's largest public utility is selling a never-completed Alabama nuclear plant that has cost more than $4 billion dollars over the past four decades.
The Tennessee Valley Authority board voted Thursday at a meeting in Buchanan to declare the Bellefonte nuclear plant near Hollywood surplus. The site includes two partially finished nuclear reactors, railroad spurs and a helicopter pad.
TVA President and CEO Bill Johnson says the 1,600-acre site will be sold at auction to the highest bidder. It has been appraised at $36 million.
The decision to sell is the latest blow to the nuclear power industry, which seemed poised for resurgence a decade ago but has been stymied by cheap natural gas, high construction costs and relatively flat demand for power.
www.decaturdaily.com/news/local/tva-to-sell-unfinished-alabama-nuclear-plant-that-cost-billion/article_79821383-0ced-5ff9-8de5-6861972adc9f.html
NASHVILLE (AP) — The nation's largest public utility is selling a never-completed Alabama nuclear plant that has cost more than $4 billion dollars over the past four decades.
The Tennessee Valley Authority board voted Thursday at a meeting in Buchanan to declare the Bellefonte nuclear plant near Hollywood surplus. The site includes two partially finished nuclear reactors, railroad spurs and a helicopter pad.
TVA President and CEO Bill Johnson says the 1,600-acre site will be sold at auction to the highest bidder. It has been appraised at $36 million.
The decision to sell is the latest blow to the nuclear power industry, which seemed poised for resurgence a decade ago but has been stymied by cheap natural gas, high construction costs and relatively flat demand for power.
www.decaturdaily.com/news/local/tva-to-sell-unfinished-alabama-nuclear-plant-that-cost-billion/article_79821383-0ced-5ff9-8de5-6861972adc9f.html