31 Aug, 2017, 09:58 ET
TUCKER, Ga., Aug. 31, 2017 /PRNewswire/ -- The Oglethorpe Power Corporation Board of Directors determined this week that it is in the best interest of the corporation to support Georgia Power Company, acting as the agent for the co-owners of Vogtle Units No. 3 and No. 4, and to proceed towards completion of the Vogtle Project.
"We believe we must take a long term view and recognize the benefits of fuel diversity and the price stability of emission-free nuclear power over the next 60 to 80 years," Mike Smith, president and CEO, stated, "especially when considering the risks of carbon-based fuel volatility and the potential for carbon regulation."
Oglethorpe Power owns a 30 percent share of Vogtle Units No. 3 and No. 4.
Oglethorpe Power is one of the nation's largest power supply cooperatives with more than $10 billion in assets, serving 38 Electric Membership Corporations which, collectively, provide electricity to approximately 4.1 million Georgia residents.
SOURCE Oglethorpe Power Corporation
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