As of Tuesday, November 22, 2011
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Gwinnett Daily Post
ATLANTA (AP) — Georgia Power executives say construction costs for the planned expansion of Plant Vogtle are $42 million over budget.
The Atlanta Journal-Constitution reports (http://bit.ly/tkuFrZ) that company officials said delays in gaining federal approval to build the two reactors may push back the construction schedule roughly five months.
Company executive Pete Ivey said the rise in construction costs is partly related to a change in what labor may cost. Ivey is vice president of nuclear development support for Georgia Power's sister company, Southern Nuclear.
Georgia Power officials said the increased costs don't impact the total cost of the project and will not appear on customer bills. The estimated cost of the project is $14 billion.
More like this story
- Nuclear plant expansion could cost less than planned ( November 11, 2009 )
- Proposed Ga. nuke plant could be industry revival ( April 6, 2010 )
- Hearing under way for proposed nuclear plant ( September 27, 2011 )
- Southern Co. to update spending on nuclear plant ( August 31, 2012 )
- Georgia Power asks to charge customers for nuke plant ( February 21, 2006 )
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