TVA earmarks money for nuclear reactor
NORTH MISSISSIPPI — The board of directors for the Tennessee Valley Authority approved nearly $250 million toward the possible reopening one of its nuclear reactors in Alabama.
The board last Friday in Knoxville approved the fiscal year 2011 budget that included $248 million to fund the initial engineering design and site preparation for Unit 1 at the Bellefonte Nuclear Plant. Final approval for the project is not expected until next year.
Construction at the plant in Northeast Alabama was started in 1974 but was stopped in 1988. The Nuclear Regulatory Commission in 2009 approved TVA’s request to reinstate Bellefonte’s original construction permits while the utility evaluated its two reactor sites.
Knoxville-based TVA, the nation’s largest public utility, serves about 9 million consumers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Judge gets more time to fight efforts to remove him from office
- Voters to decide whether hunting, fishing is constitutional right
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- State's bad bridges continue to raise concerns among officials
- Number of visitors to Natchez Trace makes big jump
- MISSISSIPPI RISING: Time to sell the image
- Epidemiologist: State's hospitals can identify, isolate Ebola cases
- C Spire wins national award, cash prize for marketing analytics