Watts Bar 2 reactor remains on schedule, on budget

SPRING CITY, Tenn. (AP) -- A new reactor at the Tennessee Valley Authority's Watts Bar Nuclear Plant remains on schedule for completion in December 2015.

Work was initially scheduled for completion in late 2012 at a cost of about $2.5 billion, but last year TVA announced the work was three years behind and would cost $2 billion more than planned.

On Thursday, TVA issued a progress report covering the period from February through April. It found that workers had more than 19.7 million hours without a lost-time accident during that period.

Watts Bar 2 will generate about 1,100 megawatts, enough electricity to supply about 650,000 homes.

TVA is the nation's largest public utility, serving 9 million people in parts of seven southeastern states.

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