Press Mention Chattanooga Times Free Press August 3, 2001
SACE Quoted
Haney eyes nuclear reactor lease
In this mention
Chattanooga developer Franklin Haney proposes a private financing scheme to restart the dormant Unit 1 reactor at TVA's Browns Ferry Nuclear Plant near Athens, Alabama, through a $1.3 billion bond issuance. Stephen Smith, executive director of the Southern Alliance for Clean Energy, expresses concern about the proposal, characterizing it as an elaborate scheme to obscure TVA's return to nuclear construction. The article details Haney's history of real estate dealings with TVA and includes reactions from various Congressional representatives and TVA officials.
This sounds like some sort of elaborate scheme to give people the impression that (TVAs) not spending any money but getting back into the nuclear construction business. It should be of great concern to everybody in the Tennessee Valley.
Stephen A. Smith
Original clipping
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