6/24/08

Former TVA chairman rips agency's nuclear plans

Former TVA chairman rips agency's nuclear plans - News Wires - CNBC.com: "'I am appalled at the idea that the Tennessee Valley Authority is going back to nuclear power after the experience we had with it,' Freeman told The Associated Press in a telephone interview Thursday. 'Frankly, of all the places on Earth where nuclear power failed, it was here in the valley.' The federal agency still has more than $20 billion in debt on its books due largely to that previous nuclear push, and Freeman worries ratepayers will be facing billions of dollars more to build Bellefonte."