Updated at: 12/14/2012 4:36 PM
By RAY HENRY
(AP) WAYNESBORO, Ga. - The utility that is building the first in a new generation of nuclear power plants in Georgia has been saying all along that the project is on time and on budget. Now that message is changing.
A state monitor says the $14 billion project at Plant Vogtle (VOH’-gohl) could cost hundreds of millions of dollars more than expected and it’s more than a year behind.
Now executives with Southern Co. say that it’s more important to ensure quality construction for a plant that could produce power for decades than hitting the previous targets.
A lot is riding on the project. Industry experts say it’s a test for whether the nuclear industry can build new plants without the same delays and soaring costs that happened when the first generation of plants was built decades ago.
(Copyright 2012 by The Associated Press. All Rights Reserved.)