Bellefonte For Sale?

[Ksheed]

BIRMINGHAM, Ala. (AP) — The Tennessee Valley Authority said Wednesday that it is considering whether to sell its unfinished Bellefonte Nuclear Plant, started in 1974 in northeast Alabama and mothballed for the past 28 years without ever producing any electricity

http://www.seattletimes.com/business/tva-considering-sale-of-unfinished-nuclear-plant-in-alabama/

[Rerun]

Congress would have to change laws to allow the sale. No TVA is not considering it. Nor are they even allowed to consider it

[Nuclear NASCAR]

Congress would have to change laws to allow the sale. No TVA is not considering it. Nor are they even allowed to consider it

http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2016/02/18/tva-seeks-input-on-future-of-bellefonte-npp-construction-site-021801#.VsYh4KBwXcs

[Ksheed]

Another article with a little more detail.

http://www.theenergycollective.com/dan-yurman/2322752/tva-plans-white-elephant-sale-bellefonte

[Rerun]

It's simple. They CAN'T

[SloGlo]

wonder iffen they'll take a cheque.

[Rerun]

Sorry they cant.

[Ksheed]

Well, I applaud you for sticking to your guns at least. I guess time will tell as this story moves forward. I'd recommend that you keep in mind that in this case the utility owner is the same group that makes the rules. They usually get to do whatever they want.

[Marlin]

Nevada company to pursue purchase of unfinished TVA nuke

http://www.timesfreepress.com/news/business/aroundregion/story/2016/may/06/nevada-company-pursue-purchase-unfinished-nuke/364155/

[Rerun]

Wont happen in fact it CANT happen

[OldHP]

What Rerun says is true (and we very seldom agree), but in this case an act of congress is necessary!  TVA is a federal agency, every piece of land and everything on it belongs to the "federal government", TVA can't sell a parcel (they can buy a parcel) of land without congressional approval!

While the next congress could change that, somewhat like the USPS decision, I don't think so!

[Marlin]

What Rerun says is true (and we very seldom agree), but in this case an act of congress is necessary!  TVA is a federal agency, every piece of land and everything on it belongs to the "federal government", TVA can't sell a parcel (they can buy a parcel) of land without congressional approval!

While the next congress could change that, somewhat like the USPS decision, I don't think so!

These sales happen all the time and I would think that the senior management of a government owned company would be aware of the legalities. Government sells property from remediated sites from the DOE/FUSRAP all the time. The requirement to gain permmision would seem to be just a speed bump not a wall.

https://www.whitehouse.gov/issues/fiscal/excess-property-map

[Ksheed]

The federal government holds thousands of properties that agencies no longer need to accomplish
their missions. When the government disposes of unneeded properties—through transfer,
donation, or sale—it generates savings by eliminating maintenance costs. In addition, when state
or local governments, nonprofits, or businesses acquire unneeded federal properties, they may be
used to provide services to the public, such as temporary housing, or contribute to economic
development.
The General Services Administration (GSA) plays a central role in disposing of unneeded
property at most federal agencies. The Federal Real Property and Administrative Services Act of
1949 (Property Act) gives GSA the authority to dispose of real property at all federal agencies
unless they have independent statutory authority to dispose of their own properties themselves. A
number of agencies have independent disposal authority—ranging from limited to broad in
scope—including two of the largest federal landholders, the U.S. Postal Service (USPS) and the
Department of Defense.
When an agency notifies GSA that it has unneeded real property, GSA first offers to transfer the
property to another federal agency, which must pay fair market value for it. If no other agency
wishes to acquire the property, GSA may then convey it to a state or local government, or a
qualified nonprofit, for up to a 100% discount—provided it is used for an approved public
benefit. Should a state or local government or qualified nonprofit wish to acquire the property for
a use other than one of the approved public benefits, GSA has the option to sell the property to
them at fair market value. Finally, if the property is not sold to a public or nonprofit entity, it is
offered for sale to the public.

Real property disposition is the process by which federal agencies identify and then transfer,
donate, or sell facilities and land they no longer need. Disposition is an important asset management
function because the costs of maintaining unneeded properties can be substantial. In
FY2013, for example, the government disposed of 21,464 unneeded properties with annual
operating costs of $411 million.4 Savings generated by the disposal of unneeded properties might
be applied to pressing real property needs, such as improving building security or repairing
existing facilities, or towards other pressing policy issues, such as reducing the national debt.
Disposition is also important because it is a mechanism by which state and local governments,
nonprofit organizations, and businesses may acquire federal property. In the hands of nonfederal
entities, the previously underutilized properties may be used to provide services to the public,
such as temporary housing, or contribute to economic development.

Negotiated Sale
Surplus property that is not disposed of through the public benefit conveyance process may be
sold to state and local governments at fair market value.21 In essence, state and local governments
are given the right of first refusal—they are allowed an opportunity to purchase surplus property
before the property is offered for sale to the general public. Federal real property regulations
permit negotiated sales when "a public benefit, which would not be realized from a competitive
sale, will result from the negotiated sale."22 The regulations do not specify what types of activities
would qualify, but GSA guidance notes that a state or local government can use property
"according to its own redevelopment needs," including economic development.

Public Sale
Surplus properties that are still available after screening for public benefit conveyance and
negotiated sale may be offered for public sale. The property is advertised in local newspapers,
regional or national publications, and the U.S. Real Estate Sales list, and may also be found on
GSA's website.24 The appraised value of a property is used as a guideline for initial pricing, and
properties are sold through sealed bids, physical auctions, and Internet auctions.

https://www.fas.org/sgp/crs/misc/R43818.pdf

They are already in the process of deeming it surplus property.

Wont happen in fact it CANT happen

Can and will if they so please...

[Ksheed]

The Tennessee Valley Authority's (TVA) board of directors voted to sell the unfinished Bellefonte nuclear power construction site after about 10 minutes of discussion at their most recent meeting after being presented with the option by the utility's general council.



https://www.nukeworker.com/forum/index.php/topic,40959.msg193834/topicseen.html#new

[Rerun]

Wont happen. They will find out like the boards before them that it is illegal

[Ksheed]

Wont happen. They will find out like the boards before them that it is illegal

Can and will if they so please...

http://abcnews.go.com/US/wireStory/tva-selling-unfinished-nuclear-plant-northeast-alabama-43521613

[hamsamich]

but but but broadzilla said no!!  like I said before, this can't happen until they contact Broadzilla.  only he knows about these types of things.

[hamsamich]

but for real wow.  can't believe somebody paid that much and wants to actually get it running.  not trying to be a naysayer but I will believe when I see it.  that being said, I hope it happens.

[Ksheed]

Apparently moving forward with plans to restart construction.
http://www.bizjournals.com/birmingham/news/2017/01/13/developers-bellefonte-proposal-claims-reopening.html


link fixed

[Ksheed]

Interesting background reporting on the sale and the buyer.


https://www.bloomberg.com/politics/articles/2017-06-14/million-dollar-donor-touts-dinners-with-trump-in-nuclear-quest


Tiptoeing the line on PolySci...

[Marlin]

Tiptoeing the line on PolySci...

Army boot ballet