Business Briefs: Regulators OK Vogtle cost plan

Business Briefs: Regulators OK Vogtle cost plan

February 21st, 2013 by Staff Reports and Associated Press in Business Around the Region

Regulators OK Vogtle cost plan

State regulators have approved Georgia Power's costs so far to build two nuclear reactors at Plant Vogtle in Waynesboro.

The Georgia Public Service Commission gave the approval at a recent meeting. With the project now several months behind schedule and cost increases looming, the commission also asked the utility to come up with new projections for when the work will be finished.

Georgia Power customers have been paying for the reactors through a monthly fee on utility bills since 2011.

In its most recent report to the PSC, the utility said the cost of the project has risen to $6.2 billion from $6.1 billion, but the company has not asked to collect any more money from customers at this time.


Times putting Globe up for sale

The New York Times Co. said Wednesday that it is putting The Boston Globe and its related assets up for sale four years after it called off a previous attempt to sell the newspaper.

Mark Thompson, the Times' chief executive, said in a statement a sale would be in the best long-term interests of both properties, "given the differences between these businesses and The New York Times."

The newspapers' differences are stark. The Times has a national --even international-- audience. Last year, it even launched a Chinese-language website. The Globe is focused on its readers in the New England region.