2000 stock market hammers TVA fund

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TVA's nuclear decommissioning fund, which is entirely invested in the stock market, lost $53.7 million in 2000 but maintains a four-year average return of 16 percent. TVA's chief financial officer David Smith expressed confidence that the fund will reach its target of $3.5 billion by 2017 when nuclear plant retirements may begin. The article reports on both professional money managers and university student investment programs managing portions of the fund.