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July 3, 2021

Bellefonte Nuclear Plant may finally be getting closer to rebirth.

Remember the exciting news from a few years ago that Bellefonte would be finished and brought online by Nuclear Development?

Then it ran into legal troubles. Here is a summary of the history from a recent press release issued by Nuclear Development:

"Nuclear Development entered into a contract in November 2016 to purchase the partially developed Bellefonte facility from TVA at auction for $111 million, three times the minimum bid sought by TVA of $36.4 million. Nuclear Development provided detailed plans to invest up to $13 billion to complete construction and bring the long-dormant facility online. TVA and Nuclear Development are currently involved in a dispute over TVA's last-minute decision to pull out of the signed agreement in 2018."

The trial seems to be coming to a close. The judge heard closing arguments this week from both sides. Now he'll decide the outcome. We may know something in a few weeks.

Assuming there isn't another round of legal challenges.

But with the political tide seeming to be turning in favor of nuclear energy, and with multiple potential test reactors in development, all parties, including the government, may now have an incentive to push this initiative off center and get the ball rolling.

Read the full article by clicking the link:

Closing Argument Held in Trial Over Sale of Bellefonte Nuclear Plant


John "Beautiful Fountain" Livingston

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