Debate over financial risks for Georgia nuclear plant
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.
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LONDON - Last month, the European Union set out a comprehensive hydrogen strategy as part of its goal to achieve carbon neutrality for all its industries by 2050. The EU has an ambitious target to build out at least 40 gigawatts of electrolyzers within its borders by 2030 and also support the development of another 40 gigawatts of green hydrogen in nearby countries that can export to the region by the same date. The announcement came as little surprise, given that Europe is regarded as being far ahead of the United States in the shift to renewable energy.
But the hydrogen…
