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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Brian Ford
    (713) 980-9393