Credit agencies eyeing Plant Vogtle cost overruns

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ATLANTA (AP) — As the cost of building a new nuclear plant in Georgia rises, credit rating agencies are taking critical notice.

Four power utilities — Georgia Power, the Municipal Electric Authority of Georgia, Oglethorpe Power Corp. and the City of Dalton — are building a first-of-its-kind nuclear plant about 30 miles southeast of Augusta. That project was originally expected to cost roughly $14 billion, but it has fallen behind schedule by more than a year and is expected to exceed its budget.

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