Unit 3 of the Vogtle nuclear plant generates electricity while Unit 4 (right) remains under construction on Monday, July 31, 2023, in Waynesboro, Ga. Georgia Power Co. announced Friday, Oct. 6, 2023 that it would pay $413 million to co-owner Oglethorpe Power Co. to settle a lawsuit over cost overruns at the nuclear reactors. (Arvin Temkar/Atlanta Journal-Constitution via AP)
ATLANTA (AP) — Georgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners.
The payments to Oglethorpe Power Corp., announced Friday, could hold down future bills for millions of electric cooperative customers in Georgia.