Federal Court Refuses TVA Request to Cancel Sale of Nuclear Plant - Articles

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Posted by: Katharine Heriges on May 17, 2019
A federal judge has refused to cancel an agreement by the Tennessee Valley Authority to sell its unfinished Bellefonte Nuclear Power Plant to developer Franklin L. Haney, the Times Free Press reports. In an opinion issued this week in Huntsville, Alabama, U.S. District Court Judge Liles C. Burke declined to dismiss a lawsuit Haney brought last November against TVA for not completing the sale of Bellefonte. Haney, a former Chattanooga developer who agreed in 2016 to pay $111 million to buy the assets of the twin-reactor plant site, sued TVA when the federal utility said it couldn't sell the nuclear plant without prior approval of the license transfer from the U.S. Nuclear Regulator Commission. TVA asked the court to dismiss Haney's lawsuit, claiming that federal regulations require any nuclear plant sale to be authorized first by the NRC so TVA couldn't legally sell Bellefonte to Haney.