Georgia Power profits off Plant Vogtle construction despite cost overruns, delays, and contractor bankruptcy

Vogtle_construction17by Anne Maxwell
WAYNESBORO, Ga. 5/8/17: The construction of two nuclear reactors at Plant Vogtle is years behind schedule and billions over budget. Last month, the contractor, Westinghouse Electric, filed for Chapter 11 bankruptcy protection.

Plant Vogtle employees hundreds of people in Burke County and the temporary contract with Westinghouse expires Friday, which means the project’s future after that is up in the air.

An attorney for Georgia Power, which is one of the main owners of Plant Vogtle, has said all options are on the table. They could totally shut down the project, or build only one of the two reactors they are currently constructing. There has also been talk of converting it to a natural gas plant, but it is not clear whether that would be economical. Or they could continue building despite even higher costs.

But no matter what happens, Georgia Power is still going to make a profit.

Read the whole story and see video: ABC News Channel 6

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