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Deal reached to keep building Vogtle

Started by atomicarcheologist, Sep 27, 2018, 08:56

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scotoma

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Chimera

The Wall Street Journal has to make a profit somehow.

hamsamich

http://fortune.com/2018/09/27/vogtle-nuclear-power-plant-construction-deal/

The Alvin W. Vogtle Electric Generating Plant in Georgia, the only nuclear power reactors currently under construction in the U.S., got a last-minute save last night as warring partners agreed to new funding terms.

Southern Co. subsidiary Georgia Power, which owns 45.7% of the project, will shoulder more of the costs past a certain level, and agreed to purchase future tax credits at a discounted cost from co-owners Oglethorpe Power Corp. (30%), the Municipal Electric Authority of Georgia (22.7%) and Dalton Utilities (1.6%).