nuclear energy

7:06pm

Sat April 7, 2012
New Completion Date is 2015

$2 Billion TVA Reactor Cost Overruns

SPRING CITY, Tenn. (AP) — The Tennessee Valley Authority cost estimate to complete Unit 2 at Watts Bar Nuclear Plant in Spring City, Tenn.,  has been revised upward to $4.5 billion.

The earlier estimate in 2007 had been $2.5 billion.

In a statement released Thursday, the federal utility blamed the increase on poor previous estimates and that reviews to support the initial estimate were not completed.

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