Augusta, GA
Regulators approve deal to pay for Georgia Power’s new Plant Vogtle nuclear reactors
Southern Co., the Atlanta-based parent of Georgia Power, said in a stock market filing Friday that it would record a $228 million gain on the deal, saying it will now be able to recover from ratepayers certain construction costs that it had been subtracting from income. That means the total loss to shareholders on the project will be about $3 billion, which the company has written off since 2018.