"The owners of the Vogtle nuclear power plant project in Georgia on Wednesday agreed to continue its construction, a decision reached after protracted eleventh-hour squabbling over how to share development costs threatened to scuttle the oft-delayed project that has been plagued by billions in cost overruns.
The agreement among Southern Co. utility unit Georgia Power, the Municipal Electric Authority of Georgia, Oglethorpe Power Corp. and Dalton Utilities keeps alive the only large-scale nuclear project remaining in the U.S. It was announced less than an hour before a 5 p.m. EDT deadline Wednesday for Vogtle's co-owners to vote on whether to continue the installation of two new 1,117-megawatt nuclear units at the plant, a deadline that was pushed back several times as the parties tried to hammer out a deal.
“We are all pleased to have reached an agreement and to move forward with the construction of Vogtle Units 3 & 4, which is critical to Georgia’s energy future,” the companies said in a joint statement Wednesday. “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 member-consumers.”"
Keith Goldberg reports for Law360 September 26, 2018.
SEE ALSO:
"Nuclear: Utilities Reach Deal On Plant Vogtle" (EnergyWire)
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