Georgia Nuclear Plant Cost Tops $27B as More Delays Unveiled

Jul 29, 2021

Two new reactors at Georgia’s Plant Vogtle will cost another billion dollars. The parent company of Georgia Power Co. says its shareholders will take a $460 million loss on the overrun. Other owners will absorb the remainder on a project that will now cost customers more than $27 billion.

FILE - In this March 22, 2019 file photo, the cooling towers of the still under construction Plant Vogtle nuclear energy facility are seen in Waynesboro, Ga.
Credit Michael Holahan/The Augusta Chronicle via AP, File

Managers project construction outside Augusta will take another three to four months. That pushes the projected start of Unit 3 into the second quarter of 2022, while Unit 4 is now projected to start in 2023. Regulators insist the plant is the best source of clean and reliable energy for Georgia. Opponents have long said there are cheaper, better options.