BigNews.Biz - Apr 10,2012 - Alexander Statement on TVA Announcement Regarding Updated Costs and Construction Schedule for Watts Bar II Reactor
NASHVILLE – U.S. Senator Lamar Alexander (R-Tenn.) released the following statement on the announcement by the Tennessee Valley Authority that, based on the findings of its seven-month construction review at Watts Bar Nuclear Plant Unit 2, it will request of the TVA board of directors additional funding and time to complete the reactor, putting the total estimated cost of completion in the range of $4 billion to $4.5 billion and estimated time for completion between September and December of 2015:
“I don’t like to see TVA miss a budget target or a construction schedule, but it’s more important to get it right. If TVA meets the new budget and schedule, the second Watts Bar reactor still will provide clean electricity at a cheaper average cost than TVA pays today for electricity. And the cost of finishing Watts Bar II still will be much cheaper than the cost of building a new reactor.”
“I don’t like to see TVA miss a budget target or a construction schedule, but it’s more important to get it right.