Southern Co. Says Covid-19 Mitigation Efforts May Slow Construction at Vogtle Site
April 01 2020 - 12:11PM
Dow Jones News
By Stephen Nakrosis
Southern Co. on Wednesday said efforts to contain the spread of
Covid-19 "could disrupt or delay construction, testing, supervisory
and support activities at Plant Vogtle Units 3 and 4," two nuclear
power units being built in the state of Georgia.
Efforts to stem the risk of transmission include "worker
distancing measures, isolating individuals who are showing symptoms
consistent with Covid-19, being tested for Covid-19 or who have
been in close contact with such persons, requiring self-quarantine
and adopting additional precautionary measures."
The company also said efforts by governments to slow the spread
of the coronavirus could result in disruptions to supply chains and
reduced availability of labor, among other effects, which may "have
a variety of adverse impacts on the company and its subsidiaries,
including reduced demand for energy." Such efforts may also impair
"the ability of the company and its subsidiaries to develop,
construct and operate facilities and to access funds from financial
institutions and capital markets."
Southern Co. shares are trading lower on Wednesday. At 11:34
a.m. EDT, the company's stock was down 6.45%, at $50.66 a
share.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 01, 2020 11:56 ET (15:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Southern (NYSE:SO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Southern (NYSE:SO)
Historical Stock Chart
From Apr 2023 to Apr 2024