A nuclear engineer and a financial analyst are expected to testify before the Public Service Commission on Tuesday about the cost of building two more nuclear reactors at Plant Vogtle, southeast of Augusta.
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.
State regulators have approved Georgia Power's costs so far to build two nuclear reactors at Plant Vogtle in Waynesboro. The Georgia Public Service Commission gave the approval at a meeting Tuesday, but also asked for new projections for when the work will be finished.
Southern Co. has reported its most recent costs to build a new nuclear plant in Georgia amid questions over whether the project can stay on budget. The Atlanta-based utility filed a report Friday with Georgia's Public Service Commission covering spending for the six-month period ending in June.
Southern Company has spent $1.8 billion dollars so far on two new nuclear reactors at Plant Vogtle near Augusta. The once-secret number was revealed at a public hearing on the project's cost, estimated at $6 billion. The Public Service Commission is overseeing construction costs at the nation's first new nuclear reactors in three decades.