Thu., January 20, 2011 8:11am (EST)

Utility To Fight Profit Limits
By Associated Press
Updated: 3 years ago

ATLANTA  —  
(Photo courtesy: US Department of Energy)
(Photo courtesy: US Department of Energy)
Georgia Power is fighting a proposal that would cut its profits if the cost of building a nuclear power plant runs over-budget.

The state's Public Service Commission meets Thursday amid a debate over who should pay the bills if the cost of building two more reactors at Plant Vogtle near Waynesboro is more than expected.

A senior PSC staff member has proposed the risk should be split between the electric company and its customers. Under that plan, Georgia Power would get a boost in its earnings for finishing Plant Vogtle under budget. If costs go too high, the utility's profits would be reduced.