TVA says Bellefonte purchase misses closing date

By , Daily Memphian Published: December 02, 2018 12:13 AM CT
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.

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Topics

Bellefonte Nuclear Plant Memphis Light Gas and Water Division TVA
Bill Dries

Bill Dries

Bill Dries covers city government and politics. He is a native Memphian and has been a reporter for more than 40 years.


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