Richland nuclear plant buying $711M worth of fuel

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RICHLAND, Wash. (AP) -- The Energy Northwest board voted Thursday to spend $711 million to buy nuclear fuel for its power plant near Richland.

The fuel would not be used until 2021.

The Tri-City Herald reports (http://is.gd/LSH3YS ) the Energy Department proposed the deal that depends on selling some of the fuel for $731 million to the Tennessee Valley Authority, which has seven nuclear plants.

Energy Northwest officials say the deal will save Northwest ratepayers money.

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Information from: Tri-City Herald, http://www.tri-cityherald.com