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July 29 (Reuters) – U.S. utility Southern Co (SO.N) Main Government Tom Fanning is anticipated to phase down by the conclude of this 12 months and the corporation has launched a lookup for his successor, Bloomberg Information noted on Friday, citing people acquainted with the make a difference.
Fanning is predicted to keep on being with Southern in some capability immediately after stepping down as CEO, the report reported. (https://bloom.bg/3zmkTvQ)
Fanning, 65, instructed Bloomberg in an job interview that he wishes to continue being CEO until Southern’s Vogtle nuclear plant enlargement is comprehensive, the report claimed.
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A company spokesperson claimed that no timelines have been established regarding any likely retirement.
Southern on Thursday elevated the charge estimate for the Vogtle plant expansion to about $10.5 billion. The strategies are already billions of pounds over price range and a long time driving program.
The Ga, Atlanta-primarily based agency also said its 2nd-quarter web earnings approximately tripled to $1.11 billion.
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Reporting by Ruhi Soni in Bengaluru Editing by Devika Syamnath
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