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Re: ITMS post# 19

Tuesday, 05/30/2017 1:12:37 PM

Tuesday, May 30, 2017 1:12:37 PM

Post# of 53
Fluor, Bechtel may bid for Vogtle nuclear project construction

Fluor (FLR +0.2%) and Bechtel reportedly are considering bids to take over construction of Southern Co.’s (SO +0.3%) Vogtle plant expansion in Georgia.

At issue is finding some contractor to replace Westinghouse Electric, the designer and principal contractor for the two 1,100-plus MW reactors under construction at Vogtle which has filed for Chapter 11 bankruptcy protection.

Bechtel reportedly would have a bid ready for taking over construction of the $17B project by August, a timetable consistent with SO CEO Tom Fanning's recent statement that he expects to settle Vogtle's future by August.
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