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Press Mention Chattanooga Times Free Press October 28, 2003

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Developer says TVA remains unwilling to consider venture

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Chattanooga developer Franklin Haney proposes a public-private venture to complete TVA's unfinished nuclear units at Bellefonte and Browns Ferry plants, claiming it would eliminate TVA's $25 billion debt. TVA spokesman Gil Francis says the agency is not currently considering proposals for Bellefonte. Stephen Smith of the Southern Alliance for Clean Energy cautions that TVA should be wary of the offer, noting there is no demand for additional power in the Southeast and that nuclear plants operate constantly rather than meeting peak-demand needs.

TVA should be wary of the Haney offer. He said there is no demand for additional power in the Southeast.

Stephen A. Smith

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