nuclear-news

Ratepayers on the hook for costs of Georgia nuclear reactor project

Investor-owned Georgia Power will recover capital costs associated with the over-budgeted construction of two new nuclear reactors from ratepayers, according to a preliminary agreement announced Thursday.

Georgia Power and the Georgia Public Services Commission’s public interest advocacy staff agreed to a $7.56 billion cap on the amount of capital construction costs placed in the rate base to fund completion of a pair of nuclear reactors at Plant Vogtle in Waynesboro, Georgia.

The PSC said it was “a significant reduction” from the $10.19 billion the utility said it needs to …………………………………..(Subscribers only)

September 2, 2023 - Posted by Christina Macpherson | business and costs, USA