Vogtle Expansion on Track, Georgia Power Execs Tell PSC

Press release from the issuing company

Wednesday, June 4th, 2014

Executives from Georgia Power Company testified Tuesday that construction of two nuclear reactors at Plant Vogtle is progressing as planned and remains on the revised schedule and budget.

The daylong testimony was the first in an ongoing hearing before the Public Service Commission to certify the $389 million the company spent on construction during 2013. The commission normally reviews six months’ worth of costs at a time but agreed to lump all of last year’s review together because it had been busy at the time with other hearings.

The reviews are an effort to prevent Georgia Power’s share of the $14 billion expansion, one of the largest construction projects in the country, from exceeding projections as wildly as had happened during construction of the plant’s original two reactors in the 1980s.

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