|
Posted: 1:04 PM Aug 26, 2008
TVA contractor get bonuses despite budget overrun
The Tennessee Valley Authority agreed to pay $42 million in bonuses and other fees to contractors for work on the Browns Ferry reactor restart that ran $90 million over budget.
|
|
CHATTANOOGA, Tenn. (AP) -- The Tennessee Valley Authority agreed to pay $42 million in bonuses and other fees to contractors for work on the Browns Ferry reactor restart that ran $90 million over budget.
With TVA rates about to increase by 20 percent, the directors agreed to pay Bechtel Power Corp. and Stone and Webster Construction Inc. $15.5 million each, plus another $11.3 million in fees to settle a legal dispute.
A leader of the anti-nuclear group known as the Bellefonte Efficiency and Sustainability Team told the Chattanooga Times Free Press that the payment of bonuses on a project that was over budget raises questions.
The contractors initially sought an additional $76 million in performance bonuses. TVA had said the contractors were due only $24 million in bonuses.
TVA Senior Vice President Ashok Bhatnagar said last week that the $42 million "is a fair settlement."
------
(Copyright 2008 by The Associated Press. All Rights Reserved.)
- Missouri fugitive captured in Knoxville
- 'Substantial' drug bust in Oak Ridge
- Fort Campbell soldier killed by husband in murder-suicide
- Suspect in Fla. office shooting denied bond
- East Tennessee man among Fort Hood shooting victims
- Nat'l magazine takes issue area surrounding Smokies
- Church says location puts new life in Seymour
- Heavy explosives used to clean up I-40 rock slide
- Billy Graham turns 91
- Anderson Co. attempted murder suspect arrested in Nashville
- UPDATE: Man charged with dragging dog in Knoxville
9 Comments - Tenn. doctor suspended, accused of inappropriate sexual conduct
4 Comments - UPDATE: Troubling portrait emerges of Fort Hood suspect
3 Comments - Tenn. man says image of Jesus appears on pickup
2 Comments - 28 dogs seized, only a fraction at 'puppy mill'
2 Comments



