Vogtle Nuclear Project Facing $900 Million in Cost Overruns

Georgia Power is currently disputing $400 million dollars in cost overruns with its contractors over construction issues for the new twin reactors at Plant Vogtle near Augusta.

Georgia Power’s partners, collectively, could be on the hook for an additional half a billion. The total cost of the overruns are projected at about $900 million.  

The exact amount that could be passed down to ratepayers isn’t known at this point – negotiations are still ongoing.  But recent filings by Southern Company, Georgia Power’s parent company, have Jim Warren of the environmental watchdog NC WARN concerned.