nuclear-news

TVA said Friday it has set an auction date of Nov. 14 at 9 a.m. central time to sell its unfinished Bellefonte nuclear power plant. Concentric Energy Advisors Inc., a property consulting firm TVA hired this spring to market the 1,400-acre power plant site on the Tennessee River in Hollywood, Ala., will conduct the sale at the plant site.

TVA directors declared the unfinished nuclear plant to be surplus property earlier this year — 43 years after construction began on the twin-reactor complex. TVA said in a statement Friday the “primary goal in selling the site is to provide the best long-term economic return to the surrounding communities.” The minimum bid price is $36.4 million, which is the appraised value of the riverfront property, but the bids will be evaluated on both the price offered and the economic gains any sale would generate for the region.

TVA has invested more than $5 billion in capital and interest costs at Bellefonte since work began on two Babcock and Wilcox reactors in 1973. Work was suspended in the 1980s when TVA’s growth in power demand slowed and TVA determined it didn’t need either of the 1,200-megawatt units…….http://www.timesfreepress.com/news/business/aroundregion/story/2016/oct/14/tva-sets-bellefonte-nuclear-plant-auction-date-next-month/392167/