After days of negotiations, the four companies involved in the Plant Vogtle nuclear power expansion have voted to continue. The fate of the project had been up in the air after more than $2 billion in additional costs were announced last month.
Georgia Power, Oglethorpe Power Corporation, MEAG and Dalton Utilities say they’ve reached agreements that will limit their financial exposure.
“We are all pleased to have reached an agreement and to be moving forward with the construction of Vogtle Units 3 & 4 which is critical to Georgia’s energy future,” the companies said in a statement. “While there have been and will be challenges throughout this process, we remain committed to a constructive relationship with each other and are focused on reducing project risk and fulfilling our commitment to our customers.”
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