Even before the pandemic, independent monitors and staff of the Georgia Public Service Commission warned that the company was falling further behind on Vogtle. They concluded the project was unlikely to meet its deadline or stay within its latest budget, even without factoring in impacts from the coronavirus.
Southern Chief Executive Officer Tom Fanning told analysts Thursday that Vogtle project workers might get COVID-19 vaccinations “in a month or so. But that is highly uncertain.”
Fanning also said Southern will work with the Biden administration to speed up the company’s goal of reaching what it calls “net zero” carbon emissions. Southern’s aim was 2050. The administration is interested in cutting that to the year 2035.
Southern’s operating revenue in 2020 shrank nearly 5% to $20.4 billion, compared to $21.4 billion the year before. The company’s annual net income fell to $3.1 billion, down from $4.7 billion in 2019.