The very low interest rates provided in a federal loan guarantee to Georgia’s Plant Vogtle nuclear plant ease the project’s financing and cost pressures. But the nightmares around a shuttered sister plant in South Carolina continue for those caught up in the bankruptcy of the former contractor for both plants, Westinghouse Electric Co., according to federal court records.
Tag: Westinghouse
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Westinghouse cites Plant Vogtle in bankruptcy papers filed today; ratepayers could see hike
The bankruptcy papers Westinghouse filed today in regards to Plant Vogtle names the nuclear plant in Georgia as one of two reasons the company faces a dire financial situation. The other reason is a nuclear power plant in South Carolina.
