Southern Co. expects to exceed Plant Vogtle budget
by RAY HENRY,Associated Press
Aug 31, 2012 | 974 views | 0 0 comments | 5 5 recommendations | email to a friend | print
(AP Photo/Mary Ann Chastain)
(AP Photo/Mary Ann Chastain)
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ATLANTA (AP) — Southern Co. forecasts it will exceed its $6.1 billion budget while building a new nuclear plant in eastern Georgia.

The Atlanta-based utility said Friday that it now expects building two more nuclear reactors at Plant Vogtle (VOH'-gohl) near Augusta will cost roughly $6.2 billion, a slight increase. Those estimates are subject to change.

Vogtle is the first nuclear plant approved for construction in a generation. It's being watched closely to see if a power industry plagued by cost overruns in past decades can build a nuclear plant without busting budgets. Southern Co. said finishing the nuclear plant remains a better deal than other alternatives.

Georgia's Public Service Commission must approve all spending on the project before the utility can charge its customers for the work.

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