The Tennessee Valley Authority's 1,260-MW, partially built Bellefonte unit in northern Alabama could be the first nuclear reactor in the country completed by a family business, not a utility.
Preston Swafford, SNC-Lavalin's chief nuclear officer, told ENR that its client, Nuclear Development LLC, a family business established by Franklin Haney, is awaiting approval of $4.5 billion in loan guarantees, which are under review by the U.S. Energy Dept., and has secured tax credits. Haney unveiled his plans at a news conference in Hollywood, Ala., on July 30.