Dive Summary:

• The Tennessee Valley Authority (TVA) must cut 530 jobs and $116 million slated to revive a retired nuclear plant in Alabama as the company works to reduce expenses and focus on near-term goals.
• Finishing the first reactor at Bellefonte Nuclear Power Station near Scottsboro, Alabama, would cost TVA nearly $5 billion--a cost too high to justify in the midst of tumbling natural gas prices.
• TVA joins a stream of utilities in California, Florida, New Jersey and Wisconsin that have decided to close or cut back operations due to costly repairs, upgrade and construction.

From the article:
“While the industry proposed building a new wave of reactors just a few years back, only a handful are likely to be completed in the Southeast because of the same economics.”