An anonymous reader quotes a report from CNN: The Tennessee Valley Authority is celebrating an event 43 years in the making: the completion of the Watts Bar Nuclear Plant. In 1973, the TVA, one of the nation's largest public power providers, began building two reactors that combined promised to generate enough power to light up 1.3 million homes. The first reactor, delayed by design flaws, eventually went live in 1996. Now, after billions of dollars in budget overruns, the second reactor has finally started sending power to homes and businesses. Standing in front of both reactors Wednesday, TVA President Bill Johnson said Watts Bar 2, the first U.S. reactor to enter commercial operation in 20 years, would offer clean, cheap and reliable energy to residents of several southern states for at least another generation. Before Watts Bar 2, the last time an American reactor had fired up was in 1996. It was Watts Bar 1 -- and according to the Atlanta Journal-Constitution, it cost $6.8 billion, far greater than the original price tag at $370 million. In the 2000s, some American power companies, faced with growing environmental regulations, eyed nuclear power again as a top alternative to fossil fuels such as coal and oil. A handful of companies, taking advantage of federal loan guarantees from the Bush administration, revived nuclear reactor proposals in a period now known as the so-called "nuclear renaissance." Eventually, nuclear regulators started to green light new reactors, including ones in Georgia and South Carolina. In 2007, the TVA resumed construction on Watts Bar 2, according to the International Atomic Energy Agency. The TVA originally said it would take five years to complete. The TVA, which today serves seven different southern states, relies on nuclear power to light up approximately 4.5 million homes. Watts Bar 2, the company's seventh operating reactor, reaffirms its commitment to nukes for at least four more decades, Johnson said Wednesday. In the end, TVA required more than five years to build the project. The final cost, far exceeding its initial budget, stood at $4.7 billion.
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