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Legislation to protect Georgia consumers from Vogtle nuclear power costs

Georgia Senate bill aims to protect consumers’ pocketbooks from Vogtle, Savannah Now, January 27, 2018, By Mary Landersmary.landers@savannahnow.com  Legislation co-sponsored by state Sen. Lester Jackson, D-Savannah, seeks to limit the money paid by ratepayers — particularly schools — for Georgia Power’s expansion of Plant Vogtle.

If enacted as written, it would immediately reduce monthly residential power bills. And it could provide big rebates if the project isn’t completed.

The troubled expansion is five years behind schedule and its price tag has nearly doubled to $27 billion. Despite a staff recommendation that the project is uneconomic and a finding that the company will make $5 billion in profits from the delays, the Georgia Public Service Commission in December gave the green light to complete the expansion with few added consumer safeguards.

Senate Bill 355, sponsored by Rome Republican Chuck Hufstetler and introduced Wednesday, would amend the Georgia Nuclear Energy Financing Act to limit in several ways the ongoing collection of a nuclear fee while these reactors are being built and prevent the utility from automatically collecting the same nuclear fee on future projects. It would also provide for a refund if the reactors never become operational…….. http://savannahnow.com/news/2018-01-26/georgia-senate-bill-aims-protect-consumers-pocketbooks-vogtle

January 29, 2018 - Posted by | politics, USA

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