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Georgia’s Nuclear Plant Vogtle behind schedule, with costs escalating

State staff: Georgia Power nuclear timeline ‘significantly challenged’  AJC CONTINUING COVERAGE Nov 23, 2019, By Matt Kempner 

Georgia Power’s nuclear expansion of Plant Vogtle is falling further behind schedule, according to a filing Friday by Georgia Public Service Commission staff and consultants.

Unless performance improves considerably, the latest deadlines for commercial operation of two new reactors by November 2021 and November 2022 are “significantly challenged,” according to the filing. It also flagged safety risks for workers.

The project is already years behind its original schedule and billions of dollars over budget. More delays could add costs. And if the price tag rises, electric consumers in much of Georgia could be at risk of increases in their monthly bills. Ultimately, elected members of the PSC will decide how much of the costs get passed along to Georgia Power customers. Many electric membership corporations and city utilities in Georgia are also connected to the project and will have to make decisions about how to recoup costs.…….

Georgia Power already has spent 10 years and incurred billions of dollars in costs to get as far as it has. That includes $2 billion in financing costs already recovered from customers through a special fee in monthly bills, years before the new reactors produce power.  https://www.ajc.com/news/state-staff-georgia-power-nuclear-timeline-significantly-challenged/i1Ff7BnBp6grU5ht1WBHeO/

November 25, 2019 - Posted by | business and costs, USA

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