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Resequencing of Vogtle nuclear plant expansion activities is credit negative: Moody’s

Resequencing of Vogtle nuclear plant expansion activities is credit negative: Moody’s, Author, Joniel Cha , Editor, Richard Rubin , 26 June,   Washington — Georgia Power’s resequencing of construction activities for the Vogtle nuclear plant expansion project is credit negative, Moody’s said June 24.

“The unexpected, late-stage changes to these planned activities is credit negative for Georgia Power because it signals that challenges with the project continue, increasing the likelihood of additional cost overruns and further schedule delays,” Moody’s said in a statement. ….. https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/062420-resequencing-of-vogtle-nuclear-plant-expansion-activities-is-credit-negative-moodys

June 27, 2020 - Posted by | business and costs, USA

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