Tuesday, December 5, 2017

Fresh Controversy Hits Southern Company's Vogtle: What Next? - Nasdaq.com

Fresh Controversy Hits Southern Company's Vogtle: What Next? - Nasdaq.com: "Georgia's regulatory staff has raised questions regarding The Southern Company 's SO Vogtle Project.They are of the opinion that the project is getting overtly expensive and should be called off unless Southern Company and Georgia Power bear part of the ballooning cost. Georgia Power is of the belief that customers should bear the additional cost of the project. This is in sharp contrast with the views of the regulatory staff who believe that such inflated cost would be a burden on customers. They believe that once the project is completed ratepayers are likely to bear higher costs with reduced benefits and hence want to pull the plug on the project.

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