Once online, Georgia Power says Vogtle’s two new units will generate enough electricity to power 500,000 homes and businesses. And as the effects of climate change worsen, the plant’s electricity will come without contributing to greenhouse gas emissions.
But the project has suffered for years due to costly delays.
Unit 3 and its twin unit, Unit 4, are more than six years behind schedule and their combined price tag has soared above $35 billion, more than double what was initially projected.
In an earnings call last month, Southern, Georgia Power’s parent company, reported new delays in completing Unit Four. The first quarter of 2024.
In a progress report recently submitted to government regulatorsGeorgia Power also estimated that it would cost $200 million more than previously thought to complete both units, bringing the company’s share of the total cost of the project to $10.2 billion, up from its previous estimate of $10 billion.
Editor’s note: This is a developing story and will be updated.
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