The owners of a majority share of a nuclear power plant being expanded in Georgia are suing lead owner Georgia Power Co. They claim Georgia Power is trying to bilk them out of nearly $700 million by unilaterally changing a contract.

The owners of a majority share of a nuclear power plant being expanded in Georgia are suing lead owner Georgia Power Co. They claim Georgia Power is trying to bilk them out of nearly $700 million by unilaterally changing a contract.

JACKSONVILLE, Fla. JEAs efforts to back out of a deal to buy power from a Georgia nuclear plant reached a dead end Wednesday when a federal judge upheld the contract. In a 53-page order, U.S. District Judge Mark Cohen ruled that JEAs power purchase agreement (PPA) with the Municipal Electric Authority of Georgia (MEAG) is valid and enforceable, despite the utilitys legal arguments to the contrary. JEA would have been required to pay $1.4 billion of the anticipated $9.5 billion price tag under the fixed-cost agreement. JEA and the city sued in 2018, saying the contract was no longer valid, and MEAG in turn sued for breach of contract. It also noted that the judge lifted a stay on discovery for JEAs claims that MEAG was negligent when it entered the new agreement without JEAs approval.