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Southern Gambles on First U.S. Nuclear Reactors in 30 Years

Southern Co. is poised to end a three-decade freeze on nuclear development as the U.S. Nuclear Regulatory Commission considers granting it the first license to build new reactors since the Three Mile Island accident.

At stake for Atlanta-based Southern is more than its bottom line and reputation, Chief Executive Officer Thomas Fanning said during two interviews. If there is to be a nuclear revival in the U.S., Southern, the largest U.S. power company, must deliver the $14 billion project on-time and on-budget, he said.