New Owner to Finish Bellefonte Nuclear Plant in Alagama

New Owner To Finish Bellefonte Nuclear Plant In Alabama   The Tennessee Valley Authority said the unfinished Bellefonte Nuclear Plant in Hollywood, Ala., has been sold at auction for over three times the price of the opening bid of $36.4 million to Washington, D.C. based Nuclear Holdings LLC, which plans to invest $13 billion in the site and complete the nuclear power project. The Bellefonte construction project has a history rife with fits and starts. Construction was begun in the mid-1970s and never completed. As recently as 2013, TVA was considering proposals to complete the project, even though many of the components once in place at the plant had been stripped out and put to use elsewhere. Then, in 2015, TVA decided there was not enough demand growth to justify completion of the project and the board agreed to putting it up for sale. Read more http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2016/11/14/new-owner-to-finish-bellefonte-nuclear-plant-in-alabama-111401#.WCyQHNyXSNZ