Georgia Power has agreed to shoulder greater financial responsibility for future cost increases at the under-construction Vogtle nuclear plant expansion. The agreement came Sept. 26 after Oglethorpe Power Co., one of the owners of the $27-billion project, demanded a cap on future costs as a condition of its approval for continuing construction.
"We are all pleased to have reached an agreement and to move forward with the construction of Vogtle Units 3 and 4," the four owners said in a joint statement. "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.”