Wed., July 31, 2013 10:26am
The president of Southern Co. says the utility is no longer seeking to raise the construction budget for a nuclear plant in eastern Georgia. CEO Thomas Fanning told analysts Wednesday that the Atlanta-based company reached a preliminary deal with Georgia officials.
Wed., July 31, 2013 7:00am
The Southern Co. is taking an additional $450 million in losses on an over-budget coal-fired power plant in Mississippi. Southern Co. previously took a $540 million loss on the plant. Georgia utility regulators are watching the company’s approach to overruns at the Mississippi plant as they consider excess costs at Plant Vogtle near Augusta.
Tue., July 23, 2013 12:25pm
Gov. Nathan Deal said recently that environmental lawsuits are to blame for the rising cost of building a nuclear plant in eastern Georgia, despite abundant evidence to the contrary. Speaking to reporters last week, the Republican governor accused environmental groups of increasing the cost of expanding Plant Vogtle by filing lawsuits against the project. Deal said he found it ironic that the groups he accused of starting costly litigation were then complaining about cost.
Thu., July 18, 2013 9:52am
A utility regulator in Georgia has asked Southern Co. executives whether the firm has considered taking a loss on the extra costs for building a nuclear power plant. That question came Thursday as utility officials gave their first testimony since announcing the company could not meet its state-approved budget to build two more reactors at Plant Vogtle, southeast of Augusta.
Tue., March 5, 2013 2:16pm
A state House subcommittee has voted to kill a bill aimed at reducing the profits a utility could earn if construction of a nuclear plant exceeds the original budget. Morris News Service reports the legislative panel voted Tuesday to strike the bill down after Georgia Power Co. — a subsidiary of Southern Co. — announced it needed to raise its construction budget for Plant Vogtle in Waynesboro by $737 million to $6.85 billion.