Georgia Power Co. now says the first of two nuclear reactors it’s building at Plant Vogtle near Augusta might not begin generating electricity until as late as March 2023 and the reactors will cost their owners nearly $30 billion.
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Southern Chief Financial Officer Dan Tucker told The Associated Press in a telephone interview Thursday that the company recognizes it's committed more than $10 billion to building the plant but may never recover more than the $7.3 billion limit in construction costs set by commissioners. The municipal utility in Jacksonville, Florida, as well as some other municipal utilities and cooperatives in Florida and Alabama are obligated to buy power from the plant.
Tucker said the company hopes to complete Unit 4 nine months after Unit 3 by building on its experience so far.Tucker said Oglethorpe and MEAG have activated their right to require Georgia Power to
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