SO - Commercial start of new Plant Vogtle nuclear reactor delayed again

2023-06-16 23:55:54 ET

Southern Co.'s ( NYSE: SO ) Georgia Power is delaying the commercial operation of the newly constructed Unit 3 reactor at its Vogtle nuclear power plant for at least another month, it said Friday in an 8-K filing .

Southern ( SO ) said a degraded hydrogen seal in the main generator was found during the start-up and pre-operational testing of Plant Vogtle Unit 3, and it now estimates the in-service date for the reactor will occur in July, instead of June as had been expected.

The utility said Unit 3, whose power-ascension testing is ~95% complete, operated as designed during the pre-operational testing and start-up sequence.

The Vogtle plant expansion has been plagued by delays and cost increases, and is now more than $16B over budget.

More on Southern Co.:

• Financial and valuation comparison to sector peers
• Analysis: Southern Co.: A Solid Company With A Bright Future But Overvalued
• Stock price return: Roughly flat YTD, up 8% in the past 12 months

For further details see: