Cost of new Alabama nuclear plant could top all other existing plants

CHATTANOOGA, Tenn. (AP) - A published report says the cost of
building the Bellefonte Nuclear Plant could be more than the
Tennessee Valley Authority spent to build all three of its current
nuclear generating stations.

The Chattanooga Times Free Press said that information was
contained in a recent filing the federal utility made to the Nuclear Regulatory Commission.

TVA President Tom Kilgore said Thursday that building the plant
in northeastern Alabama would still be cost-effective for future
power needs.

The estimate to complete the twin-reactor plant is now between
$9.8 billion and $17.5 billion, depending upon what model of
reactor is chosen.

TVA's Watts Bar Unit 1 near Spring City, Tenn., was the last
nuclear power generator completed by a U.S. utility.

It cost nearly $7 billion in 1996.

The other two plants, Sequoyah and Browns Ferry, were completed in the 1970s at far less cost.


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