Nuclear plant bought at auction for $111 million

In this Wednesday, Sept. 7, 2016 photo, two cooling towers can be seen at the Bellefonte Nuclear Plant, in Hollywood, Ala. After spending more than 40 years and $5 billion on an unfinished nuclear power plant in northeastern Alabama, the nation's largest federal utility is preparing to sell the property at a fraction of its cost. (AP Photo/Brynn Anderson)
In this Wednesday, Sept. 7, 2016 photo, two cooling towers can be seen at the Bellefonte Nuclear Plant, in Hollywood, Ala. After spending more than 40 years and $5 billion on an unfinished nuclear power plant in northeastern Alabama, the nation's largest federal utility is preparing to sell the property at a fraction of its cost. (AP Photo/Brynn Anderson)

BIRMINGHAM, Ala. (AP) – A development company purchased an unfinished nuclear power plant from the Tennessee Valley

Authority for $111 million on Monday. Nuclear Development LLC says it plans to spend as much as $13 billion to make the

Bellefonte Nuclear Plant in Alabama operational.

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