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Georgia Power nuclear plan called ‘lousy’

Georgia Nuclear Power Plan Called “Lousy”Creative loafing 16 Feb 09 In 1974, Georgia Power broke ground on nuclear reactors at Plant Vogtle near Augusta, embarking on a nuclear odyssey that would nearly bankrupt the company.Almost 15 years later — and after several delays and environmental hurdles— the project’s construction costs ballooned from $680 million to a staggering $8.4 billion.

And it wasn’t until then that Georgia Power could begin to recoup the cost from ratepayers.
Now, as the state’s largest utility moves forward on two new reactors at Plant Vogtle estimated at $6.4 billion, the first in nearly 30 years, the company wants to cover its assets — and it’s enlisted the assistance of a phalanx of lobbyists and a controversial legislative plan of attack.

Introduced by state Sen. Don Balfour, R-Snellville, Senate Bill 31 would allow Georgia Power to begin charging customers — you and me — in advance for two new proposed nuclear reactors at Plant Vogtle. The bill passed the state Senate last week and now moves to the House.

Georgia Power nuclear plan called ‘lousy’ | Fresh Loaf

February 19, 2009 - Posted by Christina Macpherson | business and costs, NORTH AMERICA