Southern Co takes control of US nuclear power plant expansion project

Last Friday, Georgia Power, the largest electric subsidiary of Southern Company and Westinghouse, nuclear technology supplier which was until now in charge of the project construction, have reached a new service agreement to transfer the project management.

Located in the Southeastern United States, in Burke County (Georgia), the Vogtle Electric Generating plant is a two-unit nuclear station that is being expanded.

On May 12, a new service agreement has been reached between the companies. It allows Westinghouse Electric to transfer project management to Southern Nuclear and Georgia Power which are both Southern Co’s divisions.

Since March when occured Westinghouse Electric’s bankruptcy, Georgia Power has spent near $50M monthly under an interim agreement in order to get work continuing at the site.

The interim assessment agreement is to last until June 3, date where Westinghouse’s EPC contract is to be rejected and the new service agreement to take effect.

The Vogtle nuclear plant expansion is worth $16bn.