TVA Will Cut 530 Jobs at Stalled Alabama Nuclear Plant
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Less than a week after another utility announced it will give up trying to restart a pair of nuclear reactors, the Tennessee Valley Authority said it will shelve a project in northeastern Alabama and eliminate 530 jobs.
TVA, the largest U.S. government-owned power company, will cut 495 contractor jobs and 35 employees supporting work at the Bellefonte plant in Hollywood, Alabama, according to a statement yesterday from the Knoxville, Tennessee-based authority. It will also cut $116 million in spending as it focuses on completing another reactor in Tennessee.