Georgia Power also said that a new service agreement with Westinghouse will take effect after the bankruptcy court has rejected the previous contract. The new agreement “allows for the transition of project management” at Plant Vogtle to Georgia Power and Southern Nuclear, the Atlanta-based utility said Friday.
Georgia Power said the new agreement includes engineering, procurement and licensing support and continued access to Westinghouse’s designs for the new nuclear reactors.
The deal also extended a similar temporary agreement with Westinghouse until June 22 while the parties await the court’s decision.
Georgia Power and its project partners are evaluating what to do with the Vogtle expansion. The project, which is also partly owned by Oglethorpe Power, MEAG Power and Dalton Utilities, is more than $3 billion over budget and over three years behind schedule.
The Georgia Public Service Commission has said whatever option the partners recommend — continuing construction, shutting the project down, or converting all or part of it to other types of power plants — will require the utility regulator’s approval.
Meanwhile, one of the PSC's commissioners has recommended that Georgia Power stop collecting surcharges on customers' monthly bills to finance the Vogtle project's construction. The proposal appears to face steep legal challenges, and Georgia Power has said it plan to keep collecting the the surcharge, which adds about $100 annually to the typical residential customer's bill.
MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.
AJC Business reporter Russell Grantham keeps you updated on the latest news about major companies, CEOs and public utilities in metro Atlanta and beyond. You'll find more on myAJC.com, including these stories:
Never miss a minute of what's happening in local business news. Subscribe to myAJC.com.