TVA cuts 400 jobs, spending on Ala. nuclear plant - WAFF-TV: News, Weather and Sports for Huntsville, AL

TVA cuts 400 jobs, spending on Ala. nuclear plant

Posted: Updated:
The Tennessee Valley Authority is cutting 530 jobs. The Tennessee Valley Authority is cutting 530 jobs.

By RAY HENRY
Associated Press

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%.

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.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

1414 North Memorial Parkway
Huntsville, AL 35801
256-533-4848

WAFF Is a Proud Member
of the Raycom Family of Stations


FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WAFF. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.