Debate over financial risks for Georgia nuclear plant

- Georgia Power is fighting a proposal that would cut its profits if the cost of building a nuclear power plant runs over-budget.

Georgia Power Members of the state's Public Service Commission PSC will soon meet amid a debate over who should pay the bills if the cost of building two more reactors at Plant Vogtle near Waynesboro is more than expected.

A senior PSC staff member has proposed the risk should be split between the electric company and its customers. Under that plan, Georgia Power would get a boost in its earnings for finishing Plant Vogtle under budget. If costs go too high, the utility's profits would be reduced.

Georgia Power executives say the plan could penalize the company without taking into account the reason for cost overruns.

Related News

Site C Dam Construction

Opinion: Would we use Site C's electricity?

VANCOUVER - There are valid reasons not to build the Site C dam. There are also valid reasons to build it. One of the latter is the rapid increase in clean electricity needed to reduce B.C.’s greenhouse gas emissions from burning natural gas, gasoline, diesel and other harmful fossil fuel products.

Although former Premier Christy Clark casually avoided near-term emissions targets, Prime Minister Justin Trudeau has set Canadian targets for both 2030 and 2050. Studies by my research group at Simon Fraser University and other independent analysts show that B.C.’s cost-effective contribution to these national targets requires us to reduce our…

READ MORE
duke energy logo

Duke Energy reaffirms capital investments in renewables and grid projects to deliver cleaner energy, economic growth

READ MORE

nelson charging station

Nelson, B.C. Gets Charged Up on a New EV Fast-Charging Station

READ MORE

wind power

Europe's stunted hydro & nuclear output may hobble recovery drive

READ MORE

denmark wind turbines

Europe Stores Electricity in Natural Gas Pipes

READ MORE