The utility will spend $248 million in 2011 on next steps to complete the 1,260 MW reactor
It will invest $248 million to develop an option to complete the 1,260 MW Bellefonte Unit 1 reactor. TVA's Board also approved spending $635 million towards completion of the Watts Bar 2 nuclear reactor which is within budget and on schedule to be completed by late 2012.
At the same time, the utility will take 1,000 MW of coal-fired power generation capacity off-line replacing it with other energy sources.
If TVA makes a decision to complete Bellefonte 1 sometime next year, it will also be committing to spend up to $4.7 billion on the reactor. At 1,260 MW, that cost would bring in the power station at $3,730/Kw which is competitive with global costs for new reactors.
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