💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Southern recommends moving ahead with Vogtle nuclear project

Published 08/31/2017, 09:41 AM
© Reuters.  Southern recommends moving ahead with Vogtle nuclear project
SO
-
SCG
-
  • Southern Co . (SO +0.3%) says Georgia Power has recommended continuing construction of the Vogtle nuclear expansion project in Georgia, confirming earlier reports.
  • The Georgia Public Service Commission is expected to review the recommendation and make a decision within six months.
  • Georgia Power's estimated financing costs during the construction period total ~$3.4B, of which $1.4B had been incurred through June 30.
  • SO's desire to continue the project is not a surprise in light of the political fallout following last month's decision by Scana (NYSE:SCG) and Santee Cooper to halt the V.C. Summer nuclear project in South Carolina.
  • Georgia Power also says it has contracted with Bechtel to manage daily construction efforts.
  • Now read: Target's New Brands Makeover: Newly Attractive Or Lipstick On A Pig?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.