Weather Blows Out Plant Costs
MILWAUKEE (AP) - The owners of the coal-fired power plant being built in suburban Milwaukee will pay another $72 million because of weather-related construction delays.
That brings the total cost to $2.3 billion.
Bechtel Power Corp is building the Oak Creek plant. It filed a claim in December 2008 seeking $517.5 million to cover extra costs.
In exchange for the settlement, Bechtel Power Corp. will be given an extension to complete the biggest construction project in state history.
The first unit of the plant was to open in September. It is now set for completion in mid January. The other unit is targeted for August.
We Power, a subsidiary of Wisconsin Energy Corp., Milwaukee, is the majority owner and will pay $61.2 million. Madison Gas & Electric and WPPI Energy, of Sun Prairie, will each pay $5.4 million.