IT
APPEARS THE FINANCIALLY-TROUBLED PLANT VOGTLE NUCLEAR
EXPANSION NEAR AUGUST WILL MOVE FOWARD AFTER THE PARTNERS
STRUCK A DEAL WEDNESDAY TO KEEP THE MULTI-BILLION DOLLAR
PROJECT ALIVE.
THE
BIG PLAYERS SOUTHERN COMPANY/GA. POWER, THE MUNICIPAL
ELECTRIC AUTHORITY OF GA----ME-AG--AND THE EMC
ASSOCIATED—OGLETHROPE POWER HAVE COME TO THE TABLE.
THE
BOARD OF OGLETHROPE POWER—THE PROJECTS 2ND BIGGEST OWNER
HAD EARLIER DEMANDED A COST CAP TO CURB SOARING COSTS AND
HAD INSISTED THAT GA POWER'S PARENT COMPANY—SOUTHERN
COMPANY—EVENTUALLY TAKE-ON THE ADDITIONAL FINANCIAL RISK IF
IT CONTINUES COSTLY SLIP-UPS.
DETAILS
OF THE AGREEMENT HAVE NOT BEEN DISCLOSED—BUT INVESTORS
INCLUDE THE CITY OF THOMASTON, GRIFFIN, BARNESVILLE, JACKSON,
FORSYTH AND DOZENS OF OTHERS PLUS EMC'S AROUND THE STATE
BUT NOT UPSON EMC.
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