The U.S. Nuclear Regulatory Commission will announce in the Nov. 25 Federal Register that it is granting the Tennessee Valley Authority‘s request to withdraw its application for combined licenses (COLs) for Bellefonte Units 3 and 4, to have been located near the town of Scottsboro in Jackson County, Alabama.
In October 2007, TVA submitted an application to the NRC for COLs for two AP1000 advanced passive pressurized water reactors at the site. In September 2010, TVA requested that the NRC suspend review of its COL application until further notice. On March 28 of this year, TVA requested withdrawal of its Bellefonte Units 3 and 4 COL application.
TVA had announced Nov. 14 that it has sold the 1,400-acre Bellefonte property to Nuclear Development LLC, which hopes to complete construction of a nuclear plant on the land. The purchase price was $111 million. The sale concluded a six-month competitive auction process designed to promote job creation and investment in northeast Alabama.
Nuclear Development LLC is a family-owned and managed company established in 2012 by Franklin L. Haney. Haney has developed a multi-faceted business with national investments in real estate and property development, Nuclear Development said. Nuclear Development expects to invest up to an additional $13 billion to complete construction of the nuclear facility, beginning in 2017, the firm said.
“Today marks the first step of an exciting new journey for the people of Alabama and Tennessee,” Haney said. “The Bellefonte Nuclear Station will help transform communities across the region – many of which have been hit hard by the forced closure of coal power plants over the last decade. This project will bring new life to the region by creating thousands of jobs while providing assured access to reliable, affordable, zero-emission energy.”
In the mid 1970s, TVA began construction of the two Bellefonte nuclear units, but the project was suspended in 1988. As recently as 2011, TVA sought to restart work on one of the reactors.
The site includes approximately 1,300 acres on Guntersville Reservoir, two partially constructed Babcock & Wilcox Pressurized Water Nuclear Reactors (55% complete), two high-voltage switchyards and several office and support buildings. It also contains significant nuclear power station equipment, reinforced containment buildings, used fuel storage pools and high capacity cranes for fuel loading, unloading and movement.