There are 5 article(s) tagged Bellefonte Nuclear Plant:

• August 2021

  • Federal court rules TVA refusal to close on sale of Bellefonte plant was legal

    Developer Franklin Haney’s plan to buy the Bellefonte Nuclear Plant and sell the electric power it generated to Memphis Light, Gas and Water Division started the ongoing exploration of MLGW possibly leaving the Tennessee Valley Authority.

    By Bill Dries August 28, 2021

• May 2020

  • Complex battle over MLGW electric power contract intensifies on multiple fronts

    The MLGW contract with TVA to supply all of its electric power goes back to the Great Depression. The contract is in play with some concerted lobbying efforts that have drawn the ire of at least one City Council member and some interesting filings in two federal courts.

    By Bill Dries May 11, 2020

• February 2019

  • POWER BROKER

    As Franklin Haney tells it, his trouble started when President Donald Trump passed him a business tip. It came on an otherwise delightful night last spring as they dined at adjacent tables in Florida’s exclusive Mar-a-Lago resort.

    By Marc Perrusquia February 19, 2019

  • Vote on MLGW rate hike mixes with talk of TVA split

    Memphis City Council members will try again Tuesday to make a final decision on Memphis Light, Gas and Water Division's rate hikes in an atmosphere that has come to also include questions about the future of the utility’s 80-year relationship with the Tennessee Valley Authority.

    By Bill Dries February 19, 2019

• December 2018

  • TVA says Bellefonte purchase misses closing date

    Tennessee Valley Authority officials have called off the sale of the Bellefonte Plant in northeastern Alabama at Friday’s deadline for Nuclear Development LLC to close on the purchase. TVA officials confirmed they called off the sale of the mothballed electricity-producing plant because Nuclear Development, owned by Chattanooga developer Franklin Haney, did not have the necessary approval from the federal Nuclear Regulatory Commission to transfer construction permits.

    By Bill Dries December 01, 2018