Full Title: Southern Company’s Troubled Vogtle Nuclear Project
Author(s): David Schlissel
Publisher(s): Institute for Energy Economics and Financial Analysis (IEEFA)
Publication Date: January 21, 2022
Full Text: Download Resource
Description (excerpt):
Georgia Power Company (“Georgia Power” or “the company”), Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, and the City of Dalton, Georgia (“the owners”) are the four owners of the two new reactors being built at the existing Plant Vogtle site. Originally estimated by the owners to cost slightly more than $14 billion and to be in service in April 2016 and April 2017, the total
cost has more than doubled, climbing above $30 billion. The owners now estimate commercial operation will not begin until 2022 and 2023—more than six years behind schedule.