Georgia Nuclear Plant Cost Tops $27B As More Delays Unveiled

Two new reactors at Georgia’s Plant Vogtle will cost another billion dollars, with shareholders of the parent company of Georgia Power Co. taking a $460 million loss and other owners absorbing the rest.

The news came Thursday as Atlanta-based Southern Co. again admitted what outside experts have been telling regulators for months — its $27 billion-plus project at the complex outside Augusta will take longer and cost more than previously estimated.

Managers project construction will take another three to four months. That pushes the projected start date of Unit 3 into the second quarter of 2022, while Unit 4 is now projected to start in 2023. But independent monitors testified in June that they don’t think Unit 3 will start operation until at least June 2022 and projected total additional spending of up to $2 billion.