Report Compares and Contrasts Owners of New Nuclear Plants

(Power Magazine  06/11/2014) - A report released this week by Moody’s Investors Service provides an interesting analysis of two companies knee-deep in nuclear plant construction projects. The peer comparison takes a look at Georgia Power Co.—a Southern Co. subsidiary—and South Carolina Electric & Gas Co. (SCE&G)—a SCANA Corp. subsidiary.

Georgia Power is adding two new units to its Alvin W. Vogtle Nuclear Power Plant while SCE&G is adding two new units to its V.C. Summer Nuclear Station. Although the projects are nearly identical from a construction standpoint (both are adding Westinghouse AP1000 reactor plants), the report suggests that the companies have very different risk profiles.

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