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NRC Clears Southern Co. New Nuclear Reactor

By Ryan Tracy Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Southern Co.'s (SO) application for the first new U.S. nuclear reactor in decades received the blessing of the Nuclear Regulatory Commission on Thursday, clearing a regulatory hurdle in the company's quest to lead a new wave of reactor construction. As expected, a majority of the five NRC members said Thursday they favored the proposal to build two new reactors at its Vogtle site in Georgia. The NRC's staff still have to complete a final administrative review before the license is issued, but that is expected to happen soon. NRC Chairman Gregory Jaczko was the lone dissenting vote against issuing the license. He favored a requirement that "safety enhancements" as a result of meltdowns last year at Japan's Fukushima Daiichi nuclear plant be made at the Vogtle plant. "I cannot support issuing this license as if Fukushima had never happened," Jaczko said at an NRC meeting Thursday. -By Ryan Tracy, Dow Jones Newswires; 202-862-9245; ryan.tracy@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
04/24/201512:29:00NRC reaffirms safe operation, regulatory commitment of Farley...
04/23/201518:12:46Southern Coverage Initiated by Analysts at Mizuho (SO)
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04/22/201513:03:033 Simple Steps to Divest on Earth Day
04/22/201505:00:00Georgia Power offers Top 5 Home Energy Efficiency Tips for Earth...
04/22/201503:34:17Southern Now Covered by Analysts at Guggenheim (SO)
04/21/201510:18:36SunTrust Increases Southern Price Target to $46.00 (SO)
04/20/201514:40:00Southern Company raises dividend rate 14th straight year; annualized...
04/17/201515:54:00Georgia Power marks groundbreaking of Fort Benning solar project
04/17/201513:00:00Southern Company accelerates sustainable energy innovations with...
04/16/201513:33:00Alabama Power announces redemption of preferred and preference...
04/16/201511:12:00Alabama Power declares dividends
04/16/201510:05:03This Stock has Paid a Dividend for 65 Years: Here's Why You Shouldn't...
04/16/201509:00:00Southern Company subsidiary acquires fourth California solar...
04/13/201516:26:00Georgia Power marks Lineman Appreciation Week
04/12/201521:03:18My K.I.S.S. Dividend Portfolio: 1st Quarter 2015 Update
04/10/201517:04:39Proxy Statement (definitive) (def 14a)
04/09/201509:24:00Alabama Power Company Announces Offering of Senior Notes
04/06/201510:45:00Southern Company first-quarter earnings to be released April...

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