Georgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners. The payments to Oglethorpe Power Corp. were announced Friday.
Georgia Power Co. says it will pay at least $76 million to settle a lawsuit with a co-owner over who will pay for cost overruns at the Vogtle nuclear power plant. The unit of Atlanta-based Southern Co. has settled with the Municipal Electric Authority of Georgia.
A nuclear power plant being built in Georgia is now projected to cost its owners more than $30 billion. A financial report from one of the owners on Friday pushed the cost of Plant Vogtle near Augusta to a forecast cost of $30.34 billion.
