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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
03/23/201507:26:28Utilities And Interest Rates
03/21/201512:00:021 Chart That Defines Our Energy Future
03/20/201517:22:23Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/19/201515:15:00Georgia Power illuminates savings on ENERGY STAR® certified...
03/18/201518:45:21Electric Utility Southern Company Is Oversold
03/17/201518:37:13Own utilities despite rising rate environment, two analysts say
03/17/201514:00:00Southern Company CEO receives national award for leading nuclear...
03/17/201508:59:43Statement of Changes in Beneficial Ownership (4)
03/16/201512:22:00Upgrades to Plant Hatch Unit 2 enhance the production of low-cost...
03/16/201508:37:19Time To Nibble On Southern Company
03/15/201518:10:25Dividend Contenders: 26 Increases Expected In The Next 11 Weeks
03/03/201511:44:13Statement of Changes in Beneficial Ownership (4)
03/03/201511:43:38Statement of Changes in Beneficial Ownership (4)
03/03/201511:43:11Statement of Changes in Beneficial Ownership (4)
03/03/201511:42:47Statement of Changes in Beneficial Ownership (4)
03/03/201511:42:20Statement of Changes in Beneficial Ownership (4)
03/03/201511:41:32Statement of Changes in Beneficial Ownership (4)
03/03/201511:41:00Statement of Changes in Beneficial Ownership (4)
03/03/201511:40:13Statement of Changes in Beneficial Ownership (4)
03/03/201511:39:43Statement of Changes in Beneficial Ownership (4)

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