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Russell Grantham

Business reporter

Reporter Russell Grantham has been covering business news for the Atlanta Journal-Constitution since 2000.

Latest from Russell Grantham

How much will Plant Vogtle’s new reactors really cost us?
 Southern Company’s chief executive has said the giant utility’s project to build two more nuclear reactors at Plant Vogtle would be history-making. He may be right, but not in the way he meant. Years behind schedule, billions over budget, and with a key contractor’s bankruptcy clouding its future, the troubled Vogtle project...

Posted: 6 days ago

Southern Company’s chief executive has said the giant utility’s project to build two more nuclear reactors at Plant Vogtle would be history-making. He may be right, but not in the way he meant. Years behind schedule, billions over budget, and with a key contractor’s bankruptcy clouding its future, the troubled Vogtle project...
Plant Vogtle: Georgia’s nuclear ‘renaissance’ now a financial quagmire
 Southern Company’s chief executive has said more than once that the giant utility’s project to build two more nuclear reactors at Plant Vogtle would be history-making. He may be right, but not in the way he meant. Years behind schedule, billions over budget, and with a key contractor’s bankruptcy clouding its future, the...

Posted: 6 days ago

Southern Company’s chief executive has said more than once that the giant utility’s project to build two more nuclear reactors at Plant Vogtle would be history-making. He may be right, but not in the way he meant. Years behind schedule, billions over budget, and with a key contractor’s bankruptcy clouding its future, the...
Georgia Power reaches tentative deal to take over Plant Vogtle work
 Georgia Power and Westinghouse Electric said they reached a tentative agreement for the Atlanta utility and Southern Nuclear to take over management of the troubled Plant Vogtle project indefinitely from the bankrupt contractor. The new agreement, announced Friday night, will take effect “once the current … construction contract...

Posted: 13 days ago

Georgia Power and Westinghouse Electric said they reached a tentative agreement for the Atlanta utility and Southern Nuclear to take over management of the troubled Plant Vogtle project indefinitely from the bankrupt contractor. The new agreement, announced Friday night, will take effect “once the current … construction contract...
Southern Company: ‘Weeks’ before we’ll know cost of Plant Vogtle
 A Southern Co. executive told state regulators it could be up to “several weeks” before the Atlanta utility knows how much it will cost to complete the troubled Plant Vogtle expansion — or even if it will. Since the late-March bankruptcy of the project’s key contractor, Westinghouse Electric, Southern subsidiary...

Posted: 14 days ago

A Southern Co. executive told state regulators it could be up to “several weeks” before the Atlanta utility knows how much it will cost to complete the troubled Plant Vogtle expansion — or even if it will. Since the late-March bankruptcy of the project’s key contractor, Westinghouse Electric, Southern subsidiary...
Southern Co.: ‘Weeks’ before we’ll know cost of Plant Vogtle expansion
 A Southern Co. executive told state regulators that it will likely be up to “several weeks” before it knows how much it will cost to complete its troubled Plant Vogtle expansion. Since the late-March bankruptcy of the project’s key contractor, Westinghouse Electric, Georgia Power, a subsidiary of Southern, has been spending...

Posted: 14 days ago

A Southern Co. executive told state regulators that it will likely be up to “several weeks” before it knows how much it will cost to complete its troubled Plant Vogtle expansion. Since the late-March bankruptcy of the project’s key contractor, Westinghouse Electric, Georgia Power, a subsidiary of Southern, has been spending...
Ga. Power at crossroads on Plant Vogtle project
 A decision on what to do with Plant Vogtle’s half-built reactors could be made Friday, the expiration date for Georgia Power’s agreement that has kept work going at the site after a key contractor’s bankruptcy filing seven weeks ago. But the Atlanta utility could seek another extension of the deal with the contractor, Westinghouse...

Posted: 15 days ago

A decision on what to do with Plant Vogtle’s half-built reactors could be made Friday, the expiration date for Georgia Power’s agreement that has kept work going at the site after a key contractor’s bankruptcy filing seven weeks ago. But the Atlanta utility could seek another extension of the deal with the contractor, Westinghouse...
Is your metro Atlanta Kroger or Wal-Mart bank branch closing?
 Customers at 34 Kroger and Wal-Mart stores in Georgia will no longer be able to take care of their banking business in the stores’ BestBank branches after its parent bank in Wisconsin failed. Federal regulators closed Milwaukee-based Guaranty Bank, according to the Federal Deposit Insurance Corp. The bank operated 119 branches in five...

Posted: 17 days ago

Customers at 34 Kroger and Wal-Mart stores in Georgia will no longer be able to take care of their banking business in the stores’ BestBank branches after its parent bank in Wisconsin failed. Federal regulators closed Milwaukee-based Guaranty Bank, according to the Federal Deposit Insurance Corp. The bank operated 119 branches in five...
Birmingham firm takes over Coke’s bottling operations in metro Atlanta
 A Birmingham bottler has taken over a large chunk of Coca-Cola’s bottling territory in metro Atlanta and north and central Georgia. The acquisition by privately-held Coca-Cola Bottling Co. UNITED, which boosted its size by about 40 percent, is part of a years-long retooling by Coca-Cola to rev up its dragging sales and profits. Coca-Cola...

Posted: 17 days ago

A Birmingham bottler has taken over a large chunk of Coca-Cola’s bottling territory in metro Atlanta and north and central Georgia. The acquisition by privately-held Coca-Cola Bottling Co. UNITED, which boosted its size by about 40 percent, is part of a years-long retooling by Coca-Cola to rev up its dragging sales and profits. Coca-Cola...
Failed DeKalb ‘Grand Empire’ backers pay $4.6 million for alleged fraud
 The developers of a long-stalled resort project in south DeKalb County have agreed to pay almost $4.6 million to settle accusations that they spent investors’ money on shopping sprees and night club carousing. Last year the U.S. District Court in Atlanta ordered an emergency asset freeze after federal investigators alleged that...

Posted: 21 days ago

The developers of a long-stalled resort project in south DeKalb County have agreed to pay almost $4.6 million to settle accusations that they spent investors’ money on shopping sprees and night club carousing. Last year the U.S. District Court in Atlanta ordered an emergency asset freeze after federal investigators alleged that...
Coke’s new CEO: ‘The next stage has to be about growth’
 James Quincey, 52, began his tenure as Coca-Cola’s new chief executive with a bang, recently announcing that the soft drink company will need to cut about 1,200 jobs, mostly at its Atlanta headquarters. The 20-plus-year Coke veteran, who hails from Britain, says the job cuts are needed to free up about $800 million in annual...

Posted: 21 days ago

James Quincey, 52, began his tenure as Coca-Cola’s new chief executive with a bang, recently announcing that the soft drink company will need to cut about 1,200 jobs, mostly at its Atlanta headquarters. The 20-plus-year Coke veteran, who hails from Britain, says the job cuts are needed to free up about $800 million in annual...
Supreme Court ruling could clear way for local governments’ lawsuit
 A U.S. Supreme Court ruling this week could clear the way for a lawsuit by three metro Atlanta counties alleging that predatory lending practices by mortage lenders cost them hundreds of millions in lost property taxes and higher expenses in blighted neighborhoods. In a mixed ruling, the U.S. Supreme Court said cities can sue banks for alleged...

Posted: 23 days ago

A U.S. Supreme Court ruling this week could clear the way for a lawsuit by three metro Atlanta counties alleging that predatory lending practices by mortage lenders cost them hundreds of millions in lost property taxes and higher expenses in blighted neighborhoods. In a mixed ruling, the U.S. Supreme Court said cities can sue banks for alleged...