Critics blast plan for private financing of TVA's Bellefonte nuclear plant

photo The two cooling towers at TVA's Bellefonte nuclear power plant in Hollywood, Ala., tower 500 feet above the ground.

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Former TVA Chairman Dennis Bottorff and financier Franklin L. Haney are trying to make money at the expense of the Tennessee Valley Authority through their proposal to finish the Bellefonte Nuclear Plant using private funds and federal tax credits, an environmental group charged Tuesday.

Stephen Smith, executive director for the Southern Alliance for Clean Energy, said those pushing a $10 billion financing plan to pay for TVA to complete its twin-reactor Bellefonte plant "are trying to enrich themselves at the expense of TVA ratepayers."