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Toshiba

In this June 13, 2014, file photo, construction continues on a new nuclear reactor at Plant Vogtle power plant in Waynesboro, Georgia. An analyst for the Public Service Commission, Steven Roetger, said the timeline for finishing two nuclear reactors at Pl
John Bazemore / Associated Press file

Earlier this summer, the Japanese company Toshiba promised to pay more than $6 billion to Georgia utilities. One of those utilities said on Thursday it’s not sure the company will survive, let alone make the payments.

And without the payments, a nuclear power expansion project will be on even shakier ground than it is already.

In a filing with the U.S. Securities and Exchange Commission, Oglethorpe Power Corporation said it has doubts “about Toshiba's ability to continue as a going concern.”

John Bazemore, File / Associated Press

Friday is a key deadline for Georgia Power. The company worked out a deal to keep construction going on its two new nuclear power units at Plant Vogtle near Augusta. That's as Westinghouse, which is the lead contractor, has begun bankruptcy proceedings. That deal was extended at the end of April, and now expires Friday night.

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David Goldman / associated press file

Georgia Power is reviewing how much it will cost to finish building two new nuclear reactors at Plant Vogtle. It's also looking at what it would cost not to complete the project, or to go in a different direction, like converting to natural gas.

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That's after the main contractor, Westinghouse, filed for bankruptcy protection Wednesday, thanks to cost overruns at Vogtle and at another nuclear project in South Carolina.

John Bazemore / Associated Press

On Feb. 21, the state Public Service Commission, which regulates utilities, approved Georgia Power's request for an additional $141 million in expenses related to the construction of new nuclear reactors at Plant Vogtle near Augusta.  

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