Vogtle nuke fate uncertain as Tuesday deadline looms

[Marlin]

Vogtle nuke fate uncertain as Tuesday deadline looms


https://www.utilitydive.com/news/vogtle-nuke-fate-uncertain-as-tuesday-deadline-looms/533189/[/size]

[Marlin]

Vogtle nuke deadline extended again to 5 p.m.

https://www.utilitydive.com/news/vogtle-nuke-deadline-extended-again-to-5-pm/533189/

[Rennhack]

Vogtle nuclear plant owners agree to continue construction

https://www.utilitydive.com/news/vogtle-nuclear-plant-owners-agree-to-continue-construction/533318/

Under the agreement, Southern subsidiary Georgia Power would pay 55.7% of cost overruns up to $1.6 billion beyond their current price estimate.

If costs increase above that, Georgia Power would pay 65.7% of the costs up to $2.1 billion over the original estimate. Beyond that figure, minority owners could sell a portion of their ownership stakes in Vogtle in exchange for Georgia Power paying "100% of such Vogtle owner's remaining share of construction costs."

In that situation, Georgia Power could also elect to walk away from the project entirely.

The agreement also includes provisions to address a lawsuit from the Jacksonville Electric Authority, which wants to exit a power purchase agreement for Vogtle it signed with MEAG. If that happens, Georgia Power would provide MEAG with up to $250 million in loans to finance the plant's completion, subject to approval by Georgia regulators and the DOE.