After spending more than 40 years and $5 billion on an unfinished nuclear power plant in northeastern Alabama, the nation's largest federal utility is preparing to sell the property at a fraction of its cost. The Tennessee Valley Authority has set a minimum bid of $36.4 million for its Bellefonte Nuclear Plant and the 1,600 surrounding acres of waterfront property on the Tennessee River. The sale is bittersweet for site manager Jim Chardos, who went to work at Bellefonte in 1994 expecting it to be finished as a nuclear power plant. Sales of U.S. nuclear plants aren't all that unusual; the Nuclear Energy Institute, an industry group, says at least 30 units have been sold in part or whole since 1999. Chardos said he would still like to see the site used to generate electricity by nuclear power, but he can't be too picky.

Source: ABC News September 11, 2016 14:22 UTC