TVA sets auction date for unfinished nuclear plant
CHATTANOOGA, Tenn. (AP) -
The Tennessee Valley Authority is giving up on a project that was supposed to become one of its biggest nuclear power plants.
The Chattanooga Times Free Press (http://bit.ly/2djqaZc ) reports TVA is selling the 1,400-acre site in northeast Alabama.
TVA said Friday it set a Nov. 14 auction date to sell its unfinished Bellefonte nuclear power plant.
TVA directors declared the unfinished nuclear plant to be surplus property earlier this year - 43 years after construction began on the complex. The utility says the primary goal in selling the site is to provide the best long-term economic return to surrounding communities.
The minimum bid price is $36.4 million - the property's appraised value. TVA invested more than $5 billion in capital and interest costs at Bellefonte since work began in 1973.
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