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.
Top Posts & Pages
- District at Eastover construction to start later this year
- Fervor grows for Tuscaloosa Marine Shale
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- Keeping Our Eye On Nathan McNeill
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- With no interim, board begins hunt for MVSU president
- LNG facility hoping to begin exporting natural gas