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

Tariff Threats Boost Support for Canadian Energy Projects

Tariff Threats Boost Support for Canadian Energy Projects

TORONTO - In recent months, the Canadian energy sector has experienced a shift in public and political attitudes toward infrastructure projects, particularly those related to oil and gas production. This shift has been largely influenced by the threat of tariffs from the United States, as well as growing concerns about energy independence and trade relations.

Scott Burrows, the CEO of Pembina Pipeline Corp., noted in a conference call that the potential for U.S. tariffs on Canadian energy imports has spurred a renewed sense of urgency and receptiveness toward energy infrastructure projects in Canada. With U.S. President Donald Trump’s proposed tariffs…

READ MORE
Sierra Club

Sierra Club: Governor Abbott's Demands Would Leave Texas More Polluted and Texans in the Dark

READ MORE

power lines

Closure of 3 Southern California power plants likely to be postponed

READ MORE

amazon renewable energy

Amazon launches new clean energy projects in US, UK

READ MORE

hydrogen electricity

Is Hydrogen The Future For Power Companies?

READ MORE