US AP1000 project owners set new risk terms; NuScale SMR enters manufacturing phase

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The four co-owners of the Vogtle 3&4 AP1000 nuclear plant project in Georgia have agreed to continue construction of the plant and will put in place risk mitigation measures against rising costs, the groups announced September 26.

Georgia Power, a subsidiary of Southern Nuclear, owns 45.7% of the project, while Oglethorpe Power Corporation holds a 30% share, Municipal Electric Authority of Georgia 22.7% and Dalton Utilities 1.6%.

Supplied by Westinghouse, Vogtle 3&4 is the only new nuclear plant under construction in the US. The project has suffered severe delays and cost overruns, prompting Westinghouse to file for bankruptcy protection in March 2017. In January 2018, Westinghouse owner Toshiba agreed to sell Westinghouse to investment group Brookfield Business Partners for a price of $4.6 billion.

Vogtle 3 is currently expected online in November 2021, followed by Vogtle 4 in November 2022.

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Nuclear Energy Insider – October 3, 2018.

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