SO discloses it will cost at least $25.2B to complete the Vogtle nuclear power plant in Georgia, raising new questions about whether the sole remaining nuclear facility under construction in the U.S. will get built.
The report of the escalating expenses, which have nearly doubled over the past nine years, comes two days after SCANA Corp. abandoned a similar project in South Carolina that also followed years of delays and rising costs.
This story has also been reported on by Dow Jones Newswires.
Given that both two-unit new build projects, in both GA and SC, now admit price tags of $25 billion+ each, this means that each reactor unit would cost more than $12.5 billion to built. This is around double the initial estimated price tag.