TVA cuts 400 jobs, spending on Ala. nuclear plant

The Tennessee Valley Authority is cutting 530 jobs and trimming millions of dollars in spending on a project to complete an unfinished nuclear plant in Alabama.

A senior vice president, Mike Skaggs, said Wednesday that the utility's budget for the Bellefonte Nuclear Power Station will fall from $182 million to $66 million. That's a reduction of nearly 64 percent.

A total of 530 TVA employees and contractors assigned to the project will lose their jobs. Some of the TVA employees may be reassigned to other roles within the utility.

TVA officials originally projected the project would be complete in roughly 2020.

It secured a federal license to build two reactors in 1974, then abandoned the project as the demand for electricity dwindled and industry building costs soared.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 211273351 - local8now.com/a?a=211273351