TVA Sets Auction Date for Unfinished Nuclear Plant

The Tennessee Valley Authority has set a November 14 auction date for its unfinished Bellefonte nuclear plant.

TVA set a minimum bid of $36.4 million for the 1,400 acres, cooling towers, partially-constructed pressurized water reactors, transmission infrastructure, water intake systems and various buildings. Though the minimum bid is the property’s appraised value, TVA spent over $4 billion on the site. Phoenix Energy of Nevada offered $38 million in May, but TVA rejected the offer.

Next month’s auction will be conducted by Concentric Energy Advisors Inc.

TVA began work on Bellefonte in 1973, though work was suspended a decade later when demand for power slowed. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...