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Southern Co. challenged on nuclear plant costs

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Associated Press

ATLANTA (AP) - A utility regulator in Georgia has asked Southern Co. executives whether the firm has considered taking a loss on the extra costs for building a nuclear power plant.

That question came Thursday as utility officials gave their first testimony since announcing the company could not meet its state-approved budget to build two more reactors at Plant Vogtle (VOH'-gohl), southeast of Augusta.

Southern Co. subsidiary Georgia Power has asked to raise the budget for its share of massive project by $737 million to roughly $6.85 billion.

Public Service Commission Tim Echols asked whether the firm has considered offering a deal like one it reached in Mississippi over a separate plant that also proved expensive to build. The company has absorbed $540 million in losses in Mississippi and could face more.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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