nuclear-news

Regulators approve deal for ratepayers to pay for Georgia Power’s new nuclear reactors

 Almost 15 years of wrangling over who should pay for two new nuclear
reactors in Georgia and who should be accountable for cost overruns came
down to one vote Tuesday, with the Georgia Public Service Commission
unanimously approving an additional 6% rate increase to pay for $7.56
billion in remaining costs at Georgia Power Co.’s Plant Vogtle.

The rate increase is projected to add $8.95 a month to a typical residential
customer’s current monthly bill of $157. It would take effect in the
first month after Vogtle’s Unit 4 begins commercial operation, projected
to be sometime in March. A $5.42 rate increase already took effect when
Unit 3 began operating over the summer.

Bryan Jacob of the Southern Alliance for Clean Energy called the vote “disappointing.” He said residential and small business customers paid a disproportionate share of a financing charge that Georgia Power collected during construction, but Tuesday’s vote parceled out additional costs without giving customers credit for heavier shares of earlier contributions.

 Independent 19th Dec 2023

https://www.independent.co.uk/news/ap-atlanta-georgia-westinghouse-augusta-b2466797.html

December 21, 2023 - Posted by Christina Macpherson | business and costs, USA