Climate Changed
Last U.S. Nuclear Project Faces `Jeopardy' as Owners Mull Exit
- Costs of Southern’s Vogtle project have doubled to $28 billion
- Florida utility seeking to cancel contract to buy Vogtle power
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The only nuclear power plant under construction in the U.S. is facing stiff headwinds, as two minority owners are mulling whether to pull out of the $28 billion project led by Southern Co.
Vogtle’s primary municipal co-owners, Oglethorpe Power Corp. and Municipal Electric Authority of Georgia, are scheduled to vote Monday whether to move forward with construction on the Vogtle plant in Georgia after Southern’s Georgia Power utility disclosed in August that costs had increased by $2.3 billion.