Possibility of new nuclear plant is closer to reality

Possibility of new nuclear plant is closer to reality

For the first time in three decades, the Tennessee Valley Authority will seek a license from federal regulators to build a new nuclear power plant.

The board for the nation's largest utility voted today to seek a Nuclear Regulatory Commission license to build a two-reactor plant at TVA's rural Bellefonte site on the Tennessee River near Hollywood in Jackson County.

TVA will apply for the license as a partner in a consortium of power companies and reactor manufacturers called NuStart Energy Development LLC.

The consortium will split the projected $50 million initial design cost with the U.S. Department of Energy.

Officials have said a review would likely take about 30 months.