HOLLYWOOD, Ala. (AP) — Plans for completing an idled nuclear plant in northern Alabama are to be unveiled soon.
Al.com reports that the plans for the Bellefonte Nuclear Plant in Jackson County are to be unveiled Monday.
The facility was sold at auction by the Tennessee Valley Authority for $111 million in 2016.
The plant was acquired by Nuclear Development LLC. The sale is scheduled to close in the fall, pending regular approvals.
The Jackson County Development Authority said completion of the plant would have an economic output of more than $12 billion and create more than 8,000 jobs.
The plant is about 50 miles (80 kilometers) southwest of Chattanooga, Tennessee.