Haney purchased the plant at auction in 2016 for 111 million. May 17 2019 12 35 am ct millionaire developer franklin haney stands in front of the bellefonte nuclear plant in hollywood ala. Mlgw by marc perrusquia published.
Inside a long shot plan to buy a never opened nuclear plant and sell its power to a single customer. The tennessee valley authority tva has invited stakeholders to express their views on a potential sale of the bellefonte nuclear power plant site in alabama with its two partially constructed reactors and associated facilities. Tva began construction in 1974 and halted the project in 1988 having spent.
The two unit bellefonte plant sits on about 1 400 acres on a peninsula in the tennessee river near hollywood alabama. Bellefonte nuclear plant units 1 2 nrc response to request for extension of date to provide supplemental information related to acceptance review of requested application for order approving construction permit transfers and conforming administrative construction permit amendments epid no. Nuclear regulatory commission is considering an application for a company to take over the construction license for the bellefonte nuclear plant in jackson county.
Bellefonte nuclear plant near scottsboro ala in a june 2018 file photo. Nuclear development llc successfully bid 111 million for the bellefonte site with its two partially built. Bellefonte nuclear plant is pictured monday july 30 2018 in hollywood alabama.
Nuclear development intended to complete the two units at a projected additional investment of over 13 billion. Haney won the auction to purchase the bellefonte nuclear plant with a bid of 111 million three times the minimum bid of 36 4 million. Nuclear development llc led by chattanooga based developer franklin l.
The inside story of nuclear power in the united states i would like to respond to the article tva says power rates will. Joe purkey is a resident of knoxville and the author of 2025 blackout. The site fills 1 600 acres and contains two unfinished nuclear units transmission switchyards warehouses support structures and parking lots.
The bellefonte nuclear plant site remained unfinished when the tva s 2015 integrated resource plan discovered that the facility might too be large for the community.
