Developer outlines timeframe to finish Alabama nuclear plant

July 31, 2018 - 7:22 am

HOLLYWOOD, Ala. (AP) — A businessman says that he's assembled a group of nuclear engineering and construction firms to finish building an idled nuclear plant in northern Alabama in the next five or six years.

Former Chattanooga, Tennessee developer Franklin Haney's company, Nuclear Development LLC, was the top bidder when the Tennessee Valley Authority auctioned the Bellefonte nuclear facility in 2016.

Haney said he has unnamed parties interested in buying the entire electricity output of the Unit 1 reactor at Bellefonte. The Chattanooga Times Free Press reports that he's looking for buyers of power from the second reactor at the plant.

Preston Swafford, the chief nuclear officer of one of the companies involved, said Bellefonte's projected completion cost is far below the projected $20 billion or more to finish the Plant Vogtle nuclear facility in Georgia.

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