SO - Lessons Learned Southern Company Speeds Up Nuclear Development
2023-10-01 06:14:00 ET
Financial results from The Southern Company (NYSE: SO) have been overshadowed by a massive construction project for years. There's good reason for that, given that nuclear power plants Vogtle 3 and 4 faced delays, and the cost rose well above original projections. But the company has finally started to make some very important progress. And the pace of success is likely to pick up from here.
When regulated utility Southern started the Vogtle project, as the two nuclear plants are collectively known, it knew it was taking on a huge task. Nuclear power plants are large, complex, and take years to complete. But management didn't, perhaps, expect all of the headwinds it would end up having to deal with. There were delays, cost overruns, and charge-offs.
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Lessons Learned, Southern Company Speeds Up Nuclear Development