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Fri Sep 28, 2018, 05:55 AM

Follow-up: Nuclear plant gets go-ahead despite budget overages

ATLANTA — The owners of the last nuclear power plant still under construction in the U.S. say the project will continue after they resolved a disagreement about multibillion-dollar budget overages.

The primary owners, Georgia Power, Oglethorpe Power and the Municipal Electric Authority of Georgia, said in a joint statement late Wednesday that they had come to an agreement that “mitigates financial exposure” in construction of the two new reactors at Plant Vogtle near Waynesboro, Georgia.

The project is years behind schedule and billions of dollars over budget.

“While there have been and will be challenges throughout this process, we remain committed to a constructive relationship with each other and are focused on reducing project risk and fulfilling our commitment to our customers,” the owners said in a statement.

Read more: https://www.tuscaloosanews.com/news/20180927/nuclear-plant-gets-go-ahead-despite-budget-overages

Earlier thread:
Plant Vogtle expansion faces new pressures, Monday vote on future of last nuclear project in U.S.

https://www.democraticunderground.com/10462468

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