Moody’s has issued a warning that the decision by Southern Company’s Georgia Power subsidiary to pursue its nuclear plant construction project may lead to a credit downgrade. Moody’s raises questions about whether Georgia Power can recover its costs. Credit concerns may affect Southern Company’s ability to buy South Carolina utility, Santee Cooper.
Seeking Alpha 2nd Sept 2017 read more »
Two Florida nuclear power plants in the path of Hurricane Irma are shutting down to brace for the Category 5 storm’s devastating wind and rain. Florida Power & Light announced on Thursday it will shut down the Turkey Point and St. Lucie nuclear plants ahead of Irma’s expected arrival this weekend. The two facilities are Florida’s only operating nuclear power plants. Both are on Florida’s Atlantic Coast, which is bracing to get hit very hard by Irma’s ferocious winds.
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