The Tennessee Valley Authority has given up on a project that was supposed to become one of its biggest nuclear power plants.
The Chattanooga Times Free Press reported TVA has decided to sell the 1,400-acre site in northeast Alabama.
TVA said Friday it set a November 14 auction date to sell its unfinished Bellefonte nuclear power plant.
TVA directors declared the unfinished nuclear plant to be surplus property earlier this year -- 43 years after construction began on the complex. The utility said the primary goal in selling the site was to provide the best long-term economic return to surrounding communities.
The minimum bid price was set at $36.4 million -- the property's appraised value. TVA invested more than $5 billion in capital and interest costs at Bellefonte since work began in 1973.
