Despite grim reports about the costs to continue construction, the utilities leading nuclear-plant expansions in Georgia and South Carolina are continuing to negotiate with bankrupt contractor Westinghouse Electric Co. about taking over management of their respective projects.
Georgia Power on June 9 announced it had entered into a new agreement with Westinghouse’s parent company, Toshiba, aimed at transferring project management to the utility while affirming the value of Toshiba’s parental guarantee, at $3.68 billion.