The Tennessee Valley Authority will significantly reduce its budget for its Bellefonte nuclear plant in Alabama and cut 530 jobs at the facility, officials said. Weaker prices for natural gas contributed to the decision. "Reducing spending at Bellefonte next fiscal year will help TVA focus resources -- people, money, time and energy -- on nearer-term priorities," said Mike Skaggs, senior vice president for nuclear construction at TVA.

Related Summaries