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Southern, Westinghouse strike $3.7 billion deal to complete Vogtle nuclear plant

from Utility Dive

Georgia Power and its parent company, Southern Co., have reached an agreement with Westinghouse Electric to complete the long-delayed Vogtle nuclear plant expansion, but the ultimate fate of the plant remains unclear. Under terms of the agreement, Westinghouse parent Toshiba has guaranteed $3.68 billion in payments to Georgia Power for completion of the project. However, the Wall Street Journal reports a Georgia Public Service Commission consultant filed a report last week concluding that continued development of the Vogtle expansion is not economic and should be halted. more

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