ATLANTA — The utilities involved in a Georgia nuclear project are deciding whether to continue after another billion-dollar cost overage. Two part-owners of the two new reactors being built at the Vogtle nuclear power plant near Waynesboro–Oglethorpe Power and the Municipal Electric Authority of Georgia–are set to vote as early as Monday on whether to move forward or abandon the project. A down vote by either could mean the facility, now with a total estimated cost of $27 billion, is abandoned. Southern Company, the parent company of the largest share owner, Georgia Power, already indicated it is ready to continue after learning that $2.3 billion in new cost overruns are expected. The plug was pulled on a similar project in neighbouring South Carolina in July 2017 when the V.C.

Source: National Post September 24, 2018 15:20 UTC