TVA Looks to Unload Unfinished Nuclear Plant in Alabama
The Tennessee Valley Authority is looking to unload its unfinished Bellefonte nuclear station in Alabama. And a clean energy developer, Nevada-based Phoenix Energy, could be among the potential buyers.
TVA decided to sell the property after concluding it won’t need new large-scale electricity generating capacity for the next two decades. Instead, the utility will focus its efforts on natural gas generation and demand management.
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“Strong financial management also includes evaluating asset needs today and in the future and making the decisions necessary to adjust for continued flat demand in electricity,” TVA stated in its latest Integrated Resource Plan.
“We sought public comments on whether to sell or keep the property, and for what uses,” explained President and CEO Bill Johnson. “Our analysis of the property and its potential uses, and input from public officials, customers, and Valley residents, indicate that offering the property for sale could better serve the public.”
The Bellefonte plant has been mothballed since 1988, 14 years after construction began. The site “includes parking lots, transmission equipment, rail lines, a heli-pad, and multiple finished buildings,” UtilityDive reports.