|Georgia Nuclear Plant Vogtle Project Still Moving
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|Author:||KingCobra [ Sun Jun 11, 2017 3:15 pm ]|
|Post subject:||Georgia Nuclear Plant Vogtle Project Still Moving|
Toshiba's bankrupt nuclear unit left an uncertain future for two half-finished nuclear reactors in Georgia -- but the company promised Saturday it will pour up to $3.68 billion into the project to finish it.
The Tokyo-based company will pay out the billions to Georgia Power, a subsidiary of Southern Company, in installments between this coming October and January 2021.
Southern Company said the deal will hand over management of the project from Toshiba's (TOSYY) nuclear unit, Westinghouse, to Southern Company. Westinghouse filed for bankruptcy in March.
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