Cost Increases For Vogtle Nuclear Expansion Project In Georgia, US

THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

Cost Increases For Vogtle Nuclear Expansion Project In Georgia, US

• 12 May 2022
• United States
• Infrastructure

News: The cost of the Vogtle nuclear expansion project in the US state of Georgia has reached USD30.34bn. The project will comprise two AP1000 reactors of 1.1GW each (1.2GW gross) on the site of the Vogtle nuclear power plant. Georgia Power (45.7%), an affiliate of Southern Company and cooperatives and municipal utilities, owns the new phase, as well as Oglethorpe Power (30%), Municipal Electric Authority of Georgia (22.7%) and the city of Dalton (1.6%). Construction started in 2013. The third unit is slated to start operations in March 2023 and the fourth unit would be operational in December 2023 (Enerdata).

This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.