It's also unclear how Georgia Power's preliminary plans for another new nuclear plant near Columbus will be affected if Toshiba is getting out of the business of building such plants.
Southern apparently included no update Wednesday in its earnings report about risks posed by Toshiba’s troubles. Likewise, the Georgia Public Service Commission had little to say about the issue during a meeting Tuesday when the board approved a semi-annual accounting of Plant Vogtle’s project costs.
The only mention came when Commissioner Lauren "Bubba" McDonald asked whether the PSC commission could re-open its decision, if needed, approving a $99 million study by Georgia Power of the Stewart County site for a possible future new nuclear plant.
“Toshiba was not a concern at that time,” McDonald said, when the PSC approved the study last July.
PSC staff told the commissioners that they can re-consider their decision on the study because they reserved that right, but no action was taken.
Meanwhile, Southern said Wednesday that delays in getting its Kemper plant in Mississippi running properly cost the company $206 million during the fourth quarter. Net income was $197 million, a 27 percent decline from its $271 million profit in the year-earlier quarter.
Kemper, a new type of plant, is designed to use so-called “gasifiers” to turn low-grade coal into cleaner-burning gas. But the gasifier units have run only intermittently, and the project has been hit by multiple lawsuits alleging fraud and a Securities and Exchange Commission probe into possible improper disclosures by Southern.
Southern’s fourth-quarter profit dipped despite a $110 million boost from its $8 billion acquisition of Atlanta natural gas utility AGL Resources, completed last year.
For the full year, Southern said its net income was $2.45 billion, up 3 percent from a $2.37 billion profit in 2015.