The first of two nuclear reactors in Georgia is generating electricity and could be days away from achieving full-power operation. But the new units at Georgia Power Co.'s Plant Vogtle are $17 billion over budget and running seven years late.
But the new units at Georgia Power Co.'s Plant Vogtle are $17 billion over budget and running seven years late.
The projects were supposed to mark a rebirth for the U.S. nuclear industry, but construction proved difficult despite consistent federal support.1970: Georgia Power Co., a unit of Atlanta-based Southern Co., decides to build four nuclear reactors along the Savannah River bordering South Carolina. 2001: Utilities including Southern Co., the parent of Georgia Power Co., meet with federal regulators to discuss ways to ease permitting for new nuclear power plants, in a push by President George W. Bush's administration.
2006: Southern Co. picks Westinghouse's AP1000 reactor design and applies for an early site permit days after U.S. Energy Secretary Samuel Bodman promises $2 billion in incentives for new reactors nationwide in a speech at Georgia Power headquarters. 2009: The Georgia Public Service Commission approves Georgia Power’s request to begin construction. Weeks later, Georgia Gov. Sonny Perdue signs a law allowing Georgia Power to make customers pay financing costs during construction. Contractors begin moving dirt at Vogtle.
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