TVA’s plan to sell and lease back a nuclear reactor – the new Watts Bar Unit 2 reactor – to finance much of the work of completing Bellefonte Nuclear Plant in nearby Alabama raises an obvious question: Will there be many willing buyers?
With TVA hoping to raise as much as $2.5 billion from the sale – in addition to perhaps $1 billion from the sale of the John Sevier combined cycle gas plant – whether there is enthusiasm for making such a purchase is no small matter.
TVA says there have been similar sale-and-lease deals before, and that there is some market interest.
We just hope the utility gets the price it’s depending on.