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Georgia Power to pay $6.4 billion for new nuclear reactors


The Atlanta Journal-Constitution
Published on: 05/07/08

Georgia Power will pay approximately $6.4 billion to Westinghouse Electric to build its share of two proposed 1,100-megawatt nuclear reactors at the utility's Vogtle plant south of Augusta, the utility said Wednesday.

If approved, the plants promise customers higher power bills starting in 2018 . Customers would pay an additional $12 a month on a typical 1,000 kilowatt-hour bill, the company said. That amount is expected to decline over time, the company said.

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