Just as Georgia Power’s credit was downgraded this month for financial losses related to Plant Vogtle, Moody’s Investors Service has downgraded the rating of bonds issued by the South Carolina Public Service Authority for an aborted nuclear plant in the Palmetto State. But that’s just part of the story.
Tag: nuclear power
Posted inTom Baxter
Mr. Burns in Alabama: a story for our times
Amid all the other big news swirling around President Donald Trump’s former attorney, Michael Cohen, the revelation that a Chattanooga developer offered him $10 million to secure government loans for his late-life project didn’t attract much national attention. But it’s a story for our times.
Posted inLatest News
Junk bond rating issued for parent of SC nuclear plant, impact on Vogtle unclear
The financial fallout continues over the troubled nuclear construction projects in the Southeast, as Moody’s Investors Service on Monday slashed the credit rating of SCANA Corp. and its subsidiary that had been building a nuclear plant in South Carolina. The new rating action cites the hardening political climate in the Palmetto State as detrimental to SCANA’s financial posture.
Posted inLyle Harris
Georgia Power vs. the law of holes
By Lyle V. Harris
Georgia Power is likely to get another shot-in-the-arm after announcing plans to complete construction on those ill-fated nuclear reactors at Plant Vogtle near Waynesboro. A far more appropriate response to this epic boondoggle, of course, would be a swift kick in the pants. But don’t count on it.
Posted inLatest News
Southern Co. decides to move forward on Plant Vogtle project
Atlanta-based Southern Co. has decided to push forward with completion of an over-budget, behind-schedule nuclear expansion at Plant Vogtle rather than give up on what has ballooned into a $25.2 billion project.
Southern affiliate Georgia Power Co. filed a recommendation Thursday with the state Public Service Commission (PSC) to continue construction at the nuclear plant south of Augusta, Ga. The project’s co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities all supported the recommendation, Paul Bowers, chairman, president and CEO of Georgia Power told Atlanta Business Chronicle in an exclusive interview minutes after the announcement.
