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Nuclear plant closures show industry’s struggles

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Atlanta-based Southern Co. owns a 46 percent share of two new reactors being constructed at Plant Vogtle in eastern Georgia, a project originally estimated at $14 billion. Southern Co. subsidiary Georgia Power recently asked regulators to raise its share of the construction budget by $737 million to roughly $6.85 billion.

It may cost more. Georgia Power and the companies designing and building the plant are in a legal fight that may cost the utility more money. Separately, an independent monitor hired by Georgia regulators has warned of additional potential costs.

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SCANA Corp. announced this week that it expects its costs to rise by around $200 million and the construction schedule to slip while building two reactors at the V.C. Summer Nuclear Station in South Carolina.


Henry reported from Atlanta and can be reached at http://twitter.com/rhenryAP . AP Energy Writer Jonathan Fahey also contributed to this report from New York.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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