Cost Caps Sought For Georgia Nuclear Project To Move Forward

Oglethorpe Power on Monday said it’s only willing to move forward with the construction of the two new reactors at the Vogtle nuclear power plant, shown in 2014, near Waynesboro, if cost caps are implemented. It is unclear how the other utilities that own a stake will respond to the conditions. They’ve set a deadline of 5 p.m. Tuesday to come to an agreement.

John Bazemore / Associated Press file

The nation’s only major nuclear power plant under construction appears to still be alive as the three owners seek to hash out conditions that one of them set on the project, now years over schedule and billions of dollars over budget.

Oglethorpe Power on Monday said it’s only willing to move forward with the construction of the two new reactors at the Vogtle nuclear power plant near Waynesboro, Georgia, if cost caps are implemented.

It is unclear how the other utilities that own a stake will respond to the conditions. They’ve set a deadline of 5 p.m. Tuesday to come to an agreement.