Southern Co. aims to build more nuclear reactors

Southern Co. said it hopes to announce plans for more new nuclear reactors

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Southern Co. said it hopes to announce plans for more new nuclear reactors.

Southern Co. CEO Tom Fanning reportedly made the comments at a conference in Washington, according to Reuters. Fanning said the company is evaluating six possible sites for more reactors, including existing power plants and greenfield locations.

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Southern is currently building two Westinghouse AP1000 reactors at its Plant Vogtle in Georgia. The reactors cost about $14 billion, but delays have increased the price tag. Unit 3 is expected to begin operations in late 2017 or early 2018, and Unit 4 is expected to come online shortly thereafter.

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