TVA revises of cost of nuclear plant construction to $4.5B
by Associated Press
Published: April 8,2012
Tags: construction, costs, electricity, energy, nuclear energy, power, power generation, Power plant, utilities
NORTH MISSISSIPPI — The Tennessee Valley Authority says the revised total cost to complete Unit 2 at Watts Bar Nuclear Plant in Spring City, Tenn., is up to $4.5 billion.
The earlier estimate in 2007 had been $2.49 billion.
The federal utility, in a statement yesterday, blamed the increase on poor previous estimates and that reviews to support the initial estimate were not completed.
TVA also said the unit is now expected to be done between September and December 2015. The previous date was this year.
Unit 1 at the plant is already operating, along with three nuclear units at Browns Ferry in Alabama and two at Sequoyah near Chattanooga. The nuclear units generate about a third of TVA’s total power supply for the Tennessee Valley region.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- PSC’s Mississippi Power probe continues as regulators mull next move
- Department of Environmental Quality developing water sources plan
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- District at Eastover construction to start later this year
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- Officials hoping quail numbers will rebound
POST A COMMENT