New Service Agreement Reached for Vogtle Nuclear Expansion
Monday, May 15th, 2017
Georgia Power and Westinghouse have, in principle, reached a new service agreement which allows for the transition of project management from Westinghouse to Southern Nuclear and Georgia Power once the current engineering, procurement and construction contract is rejected in Westinghouse's bankruptcy proceeding.
The interim assessment agreement will remain in place until June 3 while the new service agreement is finalized and all approvals are obtained. During this time, work will continue at the site and an orderly transition of project management will begin. As previously stated, the company will take all actions necessary to hold Westinghouse and Toshiba accountable for their financial obligations.
Georgia Power will continue work to complete its full-scale schedule and cost-to-complete analysis and work with the project Co-owners (Oglethorpe Power, MEAG Power and Dalton Utilities) and the Georgia Public Service Commission to determine the best path forward for customers.