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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The Phillipines wants nuclear power to be included in the country's energy mix as the demand for electricity is expected to rise.
MANILA - Phillipines Presidential spokesman Salvador Panelo said Energy Secretary Alfonso Cusi made the proposal during last Monday's Cabinet meeting in Malacaaang. "Secretary Cusi likewise sought the approval of the issuance of a proposed executive order for the inclusion of nuclear power in the country's energy mix as the Philippines is expected to the rapid growth in electricity and electricity demand, in which, 24/7 power is essential and necessary," Panelo said in a statement.
Panelo said Duterte would study the energy chief's proposal. In the 1960s until the mid 80s, the late president Ferdinand Marcos adopted a nuclear energy program and…
