U.S. Markets open in 2 hrs 56 mins

Report: Approve spending on Ga. nuclear plant

ATLANTA (AP) -- A report recommends that Georgia's utility regulators approve the most recent Southern Co. spending on a new nuclear power plant.

However, Friday's report from a nuclear engineer and a regulatory analyst seems designed to build a case for why Georgia's utility commission might eventually block the utility from passing along some of that spending to customers.

Georgia Power owns a 46 percent stake in two reactors now under construction at Plant Vogtle, southeast of Augusta. The utility has been authorized to spend $6.1 billion as its share of the project.

The utility recently agreed to withdraw a request to raise its construction budget by $737 million.

Nuclear engineer William Jacobs Jr. and PSC analyst Steven Roetger said in their report that the project faces cost pressures.