Georgia Power, Oglethorpe Power Settle Plant Vogtle Cost Overrun Lawsuit
Georgia Power Corporation will pay Oglethorpe Power $413 million to settle a lawsuit brought in 2022 by Oglethorpe Power against Georgia Power, accusing Georgia Power of backing out of financial obligations to pay for cost overruns incurred in connection with the third and fourth reactors at Plant Vogtle. Under the settlement agreement, Oglethorpe will keep its current 30% ownership of Vogtle, which will help the coop in meeting increasing demand.