Plant Vogtle. (Credit: Denton Rumsey/Shutterstock) Georgia Power Will Pay $413M to Settle Suit Over Nuclear Reactor Cost Overruns
The payments to Oglethorpe Power Corp., announced Friday, could hold down future bills for millions of electric cooperative customers in Georgia. Oglethorpe sued Georgia Power in June 2022 in a contract dispute over who should pay for cost overruns for a third and fourth reactor at Plant Vogtle, southeast of Augusta.
October 06, 2023 at 02:50 PM
4 minute read
Georgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners.
The payments to Oglethorpe Power Corp., announced Friday, could hold down future bills for millions of electric cooperative customers in Georgia.
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