PSC begins review of Vogtle overage

Vogtle_aerial_7-13from Wire Reports

7/18/13 ATLANTA – Georgia Power executives repeated assurances that the utility would be better at managing costs Thursday in the first day of hearings on raising the construction budget for its work at Plant Vogtle.

The executives fielded critical questions Thursday during their first testimony since announcing the firm could not meet its state-approved budget to build two more nuclear reactors at Plant Vogtle. Southern Co. subsidiary Georgia Power has asked to raise the budget for its share of the massive project by $737 million to roughly $6.85 billion.

“The trend is delay and overruns,” Public Service Commissioner Stan Wise said. “Is there any reason to believe the trend is not going to continue through the construction phase?”

Read the whole article: Augusta Chronicle
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