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Shadow of $25 billion Nuclear Plant Vogtle hangs over Georgia Public Service Commission elections

Nuclear costs loom over races for Georgia PSC races
Public Service Commission must deal with $25 billion Plant Vogtle’s impact on electric rates,
News 4 Ajax, Jeff Amy, Associated Press,  25 Oct 20,  ATLANTA – The shadow of two nuclear reactors that Georgia Power Co. is building near Waynesboro hangs over two statewide elections for the Georgia Public Service Commission. Although the reactors are now getting so close to completion that they are likely to enter service, whoever is elected will have to deal with the $25 billion project’s ultimate impact on customer bills.

Electric customers statewide and even in Jacksonville will help pay for Plant Vogtle, as Georgia Power has contracts to provide power from the plant around the Southeast.

The five-person utility regulatory body is currently all Republican, with two members up for reelection this year. ………..

Amid rising costs, the plan to add a third and fourth nuclear reactor at Plant Vogtle survived a cost-overrun scare in 2018 with the heavy support of the state’s Republican establishment. Georgia Power, the largest subsidiary of the Atlanta-based Southern Co. is now building the only new nuclear plants in the U.S.  ……… https://www.news4jax.com/news/georgia/2020/10/25/nuclear-costs-loom-over-races-for-georgia-utility-regulator/

October 26, 2020 - Posted by | business and costs, politics, USA

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