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Plant Vogtle, October 2017

More than a financial burden, Plant Vogtle a bad business decision for Georgia

By Guest Columnist MICHAEL M. SIZEMORE, founding principal of Sizemore Group and a Fellow of the American Institute of Architects

What makes a good business decision? After running a successful architecture firm for decades, I’ve learned a thing or two about what guides good business judgment, and the importance of making sound decisions in the best interest of one’s clients….

And that is why I can say with confidence that the decision to continue the Plant Vogtle nuclear expansion, despite a near doubling of its original price tag and more than five years of delay, appears to be bad business, pure and simple.

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.

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. 

Plant Vogtle

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.