Skip to content
Subscriber Only

Southern Is Said to Be Near Pact to Continue Building Nuke

  • Partners trying to agree on provisions to limit costs
  • Vogtle project seen as critical to the U.S. industry’s future
Atomic plant Vogtle, is a 2-unit nuclear power plant located in Burke County, near Waynesboro, Georgia.
Photographer: Pallava Bagla/Corbis News via Getty Images
Updated on

Southern Co. is nearing an agreement with Oglethorpe Power Corp. and two other companies to continue working on the only nuclear power plant under construction in the U.S., according to people familiar with the matter.

Southern and its partners are trying to agree on provisions that would limit the potential impact of further cost increases for the troubled $28 billion Vogtle plant in Georgia, said the people, who asked not to be identified because the matter isn’t public. The deadline for a decision has been pushed back to 5 p.m. New York time Wednesday, said Terri Statham, an Oglethorpe spokesperson.