The Tennessee Valley Authority said it is pleased with the response to its request for bids to buy the partially completed Bellefonte nuclear-power site in Alabama. TVA won’t release the number of bids received or the identity of the bidders, citing confidentially agreements. The minimum bid for the 1,600-acre site on the Tennessee River was $36.4 million. The federal power producer has invested about $5 billion at the site, where two nuclear units and their cooling towers sit. Construction was about 90% complete when it was suspended in 1988. Qualified bidders will take part in an auction in October.
TVA Is Pleased with Response to Call for Bids to Buy Mothballed Nuclear Site
September 14, 2016