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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Alberta Electricity market needs competition
CALGARY - Last week, Alberta’s new Energy Minister Sonya Savage announced the government would be scrapping plans to shift Alberta’s electricity to a capacity market and would instead be “restoring certainty in the electricity system.”
The proposed transition from energy only to a capacity market is a contentious subject that many Albertans probably don’t know much about. Our electricity market is not a particularly glamorous subject. It’s complicated and confusing and what matters most to ordinary Albertans is how it affects their monthly bills.
What they may not realize is that the cost of their actual electricity used is often…
