The nation’s first new nuclear generation in 20 years, Tennessee Valley Authority’s Watts Bar Unit 2 , has officially entered commercial operation. The $4.7 billion capital construction project was completed on budget. .
Watts Bar Unit 2 now joins six other operating TVA nuclear units to supply more than one third of the region’s generating capacity, and meeting the electric needs of more than 4.5 million homes. Watts Bar, Sequoyah and Browns Ferry nuclear stations have also contributed to reducing TVA’s carbon emissions by 30 percent since 2005, a reduction that will rise to 60 percent by 2020.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. (TVA Press Release, Oct 19, 2016)