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Saturday, July 2, 2011 - 4:28am

Ga Power: Nuclear Project Could Exceed Budget

Georgia Power warned Friday that building two more reactors at Plant Vogtle near Augusta could take longer and cost more than expected.

The subsidiary of the Atlanta-based Southern Co. said in a filing Friday that it's possible that two Westinghouse Electric Co. AP1000 reactors will be built on time and for a state-approved budget of $6.1 billion.

But company officials also said schedule delays, change orders and the difficulties of trying to break ground on the first nuclear power plant in a generation could require more money and time. The company said the project will be cost-effective for customers so long as it's completed for less than $8 billion.

A state monitor said last month that the project faced "significant challenges" trying to meet its schedule and budget.