Southern Co.’s Billion Dollar Nuclear Conundrum

Southern Co. would benefit financially from completing delayed
nuclear reactor projects instead of abandoning the $7.4 billion
plans, according to a new report by Bloomberg. CEO Tom Fanning said
cancelling the Vogtle project would leave the company with nothing
to show for its massive capital investment. A final decision on the
future of the project, which would cost $6.3 billion to cancel, is
still pending. The $7.4 billion price tag would become a reality if
work continues into March 2023. “There’s a host of qualitative
issues that…

Southern Co. would benefit financially from completing delayed
nuclear reactor projects instead of abandoning the $7.4 billion
plans, according to a new report by Bloomberg. CEO Tom Fanning said
cancelling the Vogtle project would leave the company with nothing
to show for its massive capital investment. A final decision on the
future of the project, which would cost $6.3 billion to cancel, is
still pending. The $7.4 billion price tag would become a reality if
work continues into March 2023. “There’s a host of qualitative
issues that…