TVA: Watts Bar Nuclear Plant behind schedule and over budget

By The Associated Press 
via al.com

CHATTANOOGA, Tennessee — The second nuclear reactor at TVA’s Watts Bar Nuclear Plant will not be completed on schedule and will be over budget.

Tennessee Valley Authority President and CEO Tom Kilgore updated the government utility’s board during today’s meeting in Chattanooga.

Kilgore said Watts Bar Unit 2 in Spring City, Tenn., will not be finished by 2013 as was expected when the board approved its construction schedule in 2007. Kilgore also told board members the project will exceed its $2.49 billion budget. It is unclear by how much.

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