Southern Co.’s long-troubled project to expand its Vogtle nuclear plant in Georgia is “highly unlikely” to meet state deadlines and is apt to face additional budget overruns, according to a local monitor. The company is no longer on pace to complete the two reactors by November 2021 and November 2022 deadlines approved by the Georgia Public Service Commission, Don Grace, a vice president of engineering for the Vogtle Monitoring Group, said in filed testimony. He also estimated that the project’s cost would exceede its current $17.1 billion target. It would be yet another blow for the Vogtle expansion, which began in 2009, has already doubled in price and is running more than five years behind schedule. The monitoring group’s analysis doesn’t even take into account the impact of the coronavirus. It was completed in mid-March, before Southern and its partners slashed the workforce by 20% in April after dozens fell ill.
Bloomberg 6th June 2020 read more »