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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
04/27/201611:17:00Correction to Southern Co. Profit Falls 5.5%
04/27/201611:04:00Southern Co. Profit Falls 5.5%
04/27/201611:00:00Mississippi Power, Silicon Ranch break ground on new solar energy...
04/27/201608:30:43Current Report Filing (8-k)
04/27/201607:30:00Southern Company reports first-quarter earnings
04/26/201616:20:47Current Report Filing (8-k)
04/25/201612:36:00Georgia Power releases 2015 Citizenship Report
04/22/201610:53:00Southern Nuclear hosts renowned safety presenter for high school...
04/21/201613:00:00DiversityInc names Southern Company a top U.S. diverse corporation
04/20/201614:15:00Georgia Power plans to reduce residential customer bills by nearly...
04/20/201608:40:00Georgia Power team to host 19th annual Run for the Reason
04/19/201615:05:00Georgia Power joins with partners, elected officials to recognize...
04/18/201615:03:20Statement of Changes in Beneficial Ownership (4)
04/18/201615:00:00First AP1000 reactor coolant pump delivered to Vogtle expansion
04/18/201614:45:00Southern Company raises dividend rate 15th straight year; annualized...
04/14/201617:05:48Current Report Filing (8-k)
04/14/201611:50:00Alabama Power declares dividends
04/14/201611:20:00Georgia Power base electric rates to remain flat through 2019
04/14/201611:15:00Southern Company, AGL Resources receive merger approval from...
04/13/201612:09:00Plant Hatch unveils new FLEX Dome

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