Nuclear Development LLC, applied to federal regulators to transfer the deferred construction permits for the unfinished Bellefonte Unit 1 and 2 reactors in Alabama.
The application is now available for public review on the Nuclear Regulatory Commission (NRC) website.
Nuclear Development filed the application on Nov. 13, seeking to transfer the permits from the Tennessee Valley Authority (TVA).
The Bellefonte units are partially complete pressurized-water reactors located six miles northeast of Scottsboro, AL. The NRC placed the Bellefonte construction permits in deferred status in 2010.
The NRC staff is reviewing the application to determine if it has sufficient information to complete the agency’s review.
If the application is determined to be complete, the staff will docket it and publish a notice of opportunity to request an adjudicatory hearing before the NRC’s Atomic Safety and Licensing Board. Information about the license transfer process is available on the NRC website.
That means the Tennessee businessman now has until the end of November to finalize a two-year-old purchase agreement for the unfinished Bellefonte nuclear power plant in Alabama.
The (TVA), which began building the plant in 1974 but ended construction in 1988 amid a downturn in the nuclear power industry, on November 9 said it extended the deadline in its agreement with Franklin Haney’s Nuclear Development LLC (NDLLC) from November 14 to November 30.
Haney said legal and regulatory issues have delayed the sale’s closure. The project also has been dogged by allegations of payments to secure federal government support. And one of the project’s potential electricity customers recently signaled it may back away from a deal to purchase power from the plant.
Haney, a real estate developer who grew his business by buying and building properties that he then leases to local, state, and federal government interests, was the highest bidder for Bellefonte’s assets in an auction in November 2016. Haney at that time made a down payment of $22 million toward his $111 million bid for Bellefonte, and was given two years to complete the purchase. The plant’s assets include two unfinished Babcock & Wilcox pressurized water reactors, along with cooling towers, switchyards, and offices at the site.
Reports in recent years have said TVA has spent $6 billion to $11 billion on the Bellefonte plant since its design was first discussed in 1968.