Southern Company, one of the largest and most respected utilities in the U.S., must decide this month whether to follow the lead of neighboring South Carolina and cancel its Plant Vogtle nuclear project. Or, Southern could announce their decision to finish the project. We believe that Southern's senior management will opt for completion.
Admittedly, the numbers look discouraging. Cost estimates have now mushroomed to $25 billion for the two-reactor project. The in-service date has also slipped from this year to 2023-24.