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.
A bill to prevent Georgia Power from reaping profits on cost overruns at Plant Vogtle failed to pass the state House before last week’s deadline. But the bill’s sponsor says the issue – and the bill – aren’t dead yet.
A state lawmaker wants to prevent Georgia Power from reaping profits on cost overruns at Plant Vogtle. Rep. Jeff Chapman will file a bill Thursday that would bar the utility from making money on anything other than the certified cost of the nuclear power plant it’s building in eastern Georgia.
State regulators have delayed vote on a plan to protect consumers from cost over-runs at Plant Vogtle. The proposal would tie Georgia Power’s profits to its ability to come in on time and at cost for its estimated 14 billion dollar nuclear expansion project.