Georgia Power Co. has again delayed the projected startup for two new units at its Vogtle nuclear power plant near Augusta, saying its share of the costs will rise by an additional $200 million.
Southern Co., the utility’s Atlanta-based parent, announced the delays and higher costs on Thursday as it announced its yearly corporate earnings for 2022.
Georgia Power says Unit 3 could now begin commercial operation in May or June, pushing back from the most recent deadline of the end of April. The company also now says Unit 4 will begin commercial operation sometime between this November and March 2024. The company previously has promised commercial operation of Unit 4 by the end of 2023 at the latest. When complete, the two units will be the first entirely new U.S. reactors in decades.
Georgia Power wrote off $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.
More: Georgia nuclear plant again delayed at cost of $200M more