Nevada company to pursue purchase of unfinished nuke in northeast Alabama

BIRMINGHAM, Ala. (AP) – A Nevada company says it will try to purchase an unfinished nuclear power plant in northern Alabama.

Managing partner Michael Dooley of Phoenix Energy of Nevada says the company wants to use the Bellefonte Nuclear Plant site to produce electricity through a new technology.

The Tennessee Valley Authority decided Thursday to declare the plant surplus property and sell it to the highest bidder.

Dooley says Phoenix Energy already has detailed plans for the site.

While the federal utility says it has spent more than $4 billion at the plant since the 1970s, chief executive Bill Johnson says the property has been appraised at only $36 million.

The 1,600-acre site at Hollywood, Alabama, includes two partially finished nuclear reactors, warehouses, office buildings, parking areas, railroad spurs and a helicopter pad.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Categories: Regional News

Leave a Reply

Your email address will not be published. Required fields are marked *