SOURCE: Industrial Info Resources

Industrial Info Resources

January 05, 2017 07:30 ET

Georgia Power Hit with Financial Penalties for Construction Delays at Vogtle Nuclear Plants, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 5, 2017) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Construction on two new units at the Alvin W. Vogtle Nuclear Power Station is about 60% complete, and the operator and principal owner, Georgia Power Company (Atlanta, Georgia), a unit of the Southern Company (NYSE:SO) (Atlanta), has agreed to forego several hundred million dollars in scheduled customer price increases over 2017-2020 because of construction delays, according to a settlement unanimously approved by the Georgia Public Service Commission (GPSC) (Atlanta) on December 20.

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