But don't worry -- the shareholders still made a profit!

Georgia nuclear plant again delayed at cost of $200 million more

by Jeff Amy, February 18, 2023

"Georgia Power wrote off [which means the TAXPAYERS PAID FOR IT] $201 million in additional costs on its earning statement, reflecting increased costs.

"Despite the Vogtle delays, Southern Co. still announced strong revenue and profits. The company reported profits of $3.5 billion for the year, or $3.28 per share.

"The total cost of the project to build a third and fourth reactor at #Vogtle will cost all its owners more than $30 billion. Georgia Power owns 45.7% of the project, while Oglethorpe Power Corp. owns 30%, the Municipal Electric Authority of Georgia owns 22.7% and the city of Dalton owns 1.6%.

"#Georgia Power had already pushed back the startup of Unit 3 by a month after it discovered that a pipe that is part of a critical backup cooling system was vibrating during startup testing. #Construction workers had #failed to install supports called for on blueprints. Those supports have now been installed, the company said Thursday, but Southern Co. Chairman and CEO Tom Fanning told investors that 'we found a few additional issues to address.'"
#NoNukes #NuclearIsNotCarbonFree #Costly #PriceAndersonAct #WaterIsLife #Renewables

https://www.timesfreepress.com/news/2023/feb/18/georgia-nuclear-plant-again-delayed-tfp/