TVA plans reactor sale-lease to pay for another
The Tennessee Valley Authority for the first time the intention of selling temporary possession of a new nuclear reactor, mainly to keep VAT closing its debt limit as it built a separate $ 4.8 billion reactor in the Alabama, a spokesman Wednesday.
The sale and leaseback would be a great nation rent and utilities to operate the unit with two reactors at Watts Bar Nuclear Power Plant between Knoxville and Chattanooga to be completed late next year.
TVA plans to use money from investors or partners to finance the construction of a reactor of the utility plans to start building in 2013 at the Bellefonte nuclear plant mothballed in Alabama. This funding, in contrast to the bond issue, would not reduce the gap between current VAT $ 24 billion debt and its government-set $ 30 billion debt limit.
TVA Chief Financial Officer John Thomas said such a financial arrangement is at least two years of absence and would be slightly more expensive than issuing bonds. Thomas said the impact on taxpayers would be "minor". Thomas could not provide any projection rate.
"The bond is the cheapest way," he said.
Although a first for TVA, its leaders said that such leasing arrangements for nuclear projects are not uncommon for utilities. Thomas said TVA finances only new plants and equipment clean air and might otherwise turn to sale-leaseback arrangements in the future.
TVA is currently using the rental for the Caledonia and Southaven combined cycle gas plant in Mississippi, and combustion turbines for natural gas in other factories. Combined cycle plants using combustion turbines, similar to the reactors to produce electricity.The heat from the exhaust gas turbine is then captured to heat and produce steam that is sent to a steam turbine that generates additional power.
Thomas said that after a rental period, probably 20 to 30 years, the property returns to VAT.
TVA President and CEO Tom Kilgore said after the board of the utility met Thursday in a nuclear reactor sales-lease arrangement would still be the need to control everything on the operations and safety.
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By Haaretz Tags: Syria Former US Vice President Dick Cheney urged the United States to bomb a suspected Syrian nuclear reactor in June 2007, the New York Times reported on Wednesday, quoting excerpts from Cheney's autobiography due to be published next
Photographer: Tetsuya Yamada/ More than a third of Japan's nuclear reactors will need to apply for license extensions within five years or face decommissioning at a time when the industry's safety record is in tatters after the Fukushima
The Tennessee Valley Authority for the first time intends to temporarily sell ownership of a new nuclear reactor, mainly to keep TVA from closing in on its debt limit as it builds a separate $4.8 billion reactor in Alabama,
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From: Russia today in the collapse of Fukushima, before the tsunami struck Published: August 17, 2011, 17:40 Modified: August 17, 2011, 22:42 Workers at the factory said Fukushima Japan soil facilities are in steam cracking and radioactive escapes through the cracks. They also say that the pipes and at least one reactor were severely damaged before the tsunami struck the region in March. These allegations raise concerns that the facility has been condemned even before the earthquake triggered the disaster. Problems with pipes deterioration of the plant had been reported for years.The cooling system failed to stop the engines go to a cast after he was hit by waves 40 meters high. The plant was a leak of radioactive material since, despite efforts to clean it. Robert Jacobs Institute of Peace in Hiroshima, said that the evidence calls into question Japan's nuclear safety. "There are certainly plenty of evidence that seems to suggest that the first reactor, reactor number one, collapsed when the tsunami struck," he told RT."So if this is the case that the reactor was melting due to the earthquake, and not a tsunami, an earthquake in nine points is something that has the potential to arrive in Japan and it would put the reliability and safety design of all the reactors in question, "he said. Reports of lower levels of radiation in the institution, Dr. Jacobs said, are not for optimism.
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