MENU
component-ddb-728x90-v1-01-desktop

Nevada-based Phoenix Energy makes bid for Bellefonte Nuclear Plant

A company has bid on a nuclear power plant for just a fraction of what the TVA spent to build it. (Image: WTVC)

A company has bid on a nuclear power plant for just a fraction of what the TVA spent to build it.

Nevada-based Phoenix Energy says it wants to produce electricity using a new method at the Bellefonte Nuclear Plant in Hollywood, Alabama.

The company bid $38 million for the facility.

TVA invested around $5 billion in the plant since construction began in the mid 1970's.

But work was never finished as power demand leveled off.

The utility says it hopes to close a deal for the plant in October.

Trending