By Editors of Power Engineering
The Georgia Public Service Commission has voted to allow Georgia Power to continue work on the two-unit Vogtle expansion.
Regulators had called for more information on the expansion after the bankruptcy of former contractor Westinghouse threw the project into uncertainty, including scenarios for its total cancelation. The vote was originally scheduled for February, as a cancelation move before December 31 would have saved Georgia Power ratepayers $150 million.
The project has run into multiple delays and const overruns, and could cost as much as $25 billion to finish. Georgia Power now anticipates the two units will be finished in 2022.
Toshiba, parent company of Westinghouse, agreed to pay the full balance of its $3.2 billion payment guarantee earlier this month.
Additionally, Secretary of Energy Rick Perry has made available up to $3.7 billion in additional loan guarantees.