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Friday, August 31, 2012 - 3:54am

Vogtle Spending Updated

Southern Co. forecasts it will exceed its $6.1 billion budget while building a new nuclear plant in eastern Georgia.

The Atlanta-based utility said Friday that it now expects building two more nuclear reactors at Plant Vogtle near Augusta will cost roughly $6.2 billion, a slight increase. Those estimates are subject to change.

Vogtle is the first nuclear plant approved for construction in a generation. It's being watched closely to see if a power industry plagued by cost overruns in past decades can build a nuclear plant without busting budgets. Southern Co. said finishing the nuclear plant remains a better deal than other alternatives.

Georgia's Public Service Commission must approve all spending on the project before the utility can charge its customers for the work.

Click here to report the Plant Vogtle report

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