Press Mention Times Free Press February 3, 2012
Topical Mention
Delays and cost overruns hit Watts Bar work
In this mention
The Tennessee Valley Authority announced delays and cost overruns for the Watts Bar Nuclear Power Plant's second reactor completion. The project, originally planned for five years at $2.5 billion, will now take at least a year longer and cost significantly more, according to TVA's quarterly financial filing.
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Full transcript
Delays and cost overruns hit Watts Bar work
February 4, 2012
by
Dave Flessner
The biggest construction project in Southeast Tennessee will take longer and be more expensive than originally forecast.
The Tennessee Valley Authority disclosed Friday that finishing the second reactor at its Watts Bar Nuclear Power Plant will take at least a year longer than the five years planned for the project. In its quarterly financial filing, TVA also said the Watts Bar project likely will cost significantly more than the $2.5 billion price tag put on finishing the reactor when TVA directors approved the project in August 2007.