Georgia Power profits off Plant Vogtle construction despite cost overruns, delays, and contractor bankruptcy. The construction of two nuclear reactors at Plant Vogtle is years behind schedule and billions over budget. Last month, the contractor, Westinghouse Electric, filed for Chapter 11 bankruptcy protection. Plant Vogtle employees hundreds of people in Burke County and the temporary contract with Westinghouse expires Friday, which means the project’s future after that is up in the air.
News Channel 6 8th May 2017 read more »
A decision on what to do with Plant Vogtle’s half-built reactors could be made Friday, the expiration date for Georgia Power’s agreement that has kept work going at the site after a key contractor’s bankruptcy filing seven weeks ago. But the Atlanta utility could seek another extension of the deal with the contractor, Westinghouse Electric as it tries to figure out what to do. Georgia Power has said it is considering all options for the $20 billion nuclear expansion, ranging from completing construction to shutting it down.
AJC 10th May 2017 read more »
Southern Co’s Georgia Power and Toshiba Corp’s Westinghouse have reached a tentative deal to transfer project management of the expansion of a Georgia nuclear power plant to units of Southern Co, Georgia Power said in a statement on Friday. The interim agreement until June 3 will allow construction of the Vogtle plant expansion to continue, it said. Westinghouse Electric Co filed for bankruptcy in March, hit by billions of dollars of cost overruns at four nuclear reactors under construction, including at the Georgia project and another in South Carolina. The new interim service agreement allows Westinghouse to transfer project management to Southern Nuclear and Georgia Power, which are both units of Southern Co, after a current construction contract is rejected in Westinghouse’s bankruptcy.
Reuters 13th May 2017 read more »