Georgia nuclear plant's cost now forecast to top $30 billion [View all]
Source: AP
By JEFF AMY
ATLANTA (AP) — A nuclear power plant being built in Georgia is now projected to cost its owners more than $30 billion.
A financial report from one of the owners on Friday clearly pushed the cost of Plant Vogtle near Augusta past that milestone, bringing its total cost to $30.34 billion
That amount doesn’t count the $3.68 billion that original contractor Westinghouse paid to the owners after going bankrupt, which would bring total spending to more than $34 billion.
Vogtle is the only nuclear plant under construction in the United States, and its costs could deter other utilities from building such plants, even though they generate electricity without releasing climate-changing carbon emissions.
U.S. Secretary of Energy Rick Perry speaks during a press event at the construction site of Vogtle Units 3 and 4 at the Alvin W. Vogtle Electric Generating Plant, Friday, March 22, 2019 in Waynesboro, Ga. Georgia Power Co.’s parent company announced more cost overruns and schedule delays to the project on Thursday, Feb. 17, 2022. (Hyosub Shin/Atlanta Journal-Constitution via AP)
Read more: https://apnews.com/article/business-environment-united-states-georgia-atlanta-7555f8d73c46f0e5513c15d391409aa3
= new reply since forum marked as read