Thu., March 31, 2011 10:30am (EDT)

Ga. Power Wants To Scrap PSC Plan
By Associated Press
Updated: 3 years ago

ATLANTA   —  
Georgia Power has been unable to agree with the Public Service Commission's staff on a proposal to cut the utility's earnings if the cost of building a new nuclear plant in eastern Georgia runs over budget. (pictured-Plant Vogtle--photo-Noel Brown)
Georgia Power has been unable to agree with the Public Service Commission's staff on a proposal to cut the utility's earnings if the cost of building a new nuclear plant in eastern Georgia runs over budget. (pictured-Plant Vogtle--photo-Noel Brown)
Georgia Power has been unable to agree with the Public Service Commission's staff on a proposal to cut the utility's earnings if the cost of building a new nuclear plant in eastern Georgia runs over budget. Now, the electric company wants the elected PSC members who will meet Thursday to scrap the plan.

Utility company attorney Kevin Greene said in a letter that 30 days of closed-door negotiations between Georgia Power and the PSC staff did not produce a compromise.

The subsidiary of the Atlanta-based Southern Co. is trying to build two more nuclear reactors at the Vogtle Electric Generating Plant near Waynesboro.

Meanwhile, state lawmakers will soon hear from Southern Co. executive Dennis Madison on the safety of its current reactors at Vogtle, and at the Edwin Hatch Nuclear Plant in Baxley.

The two Plant Hatch reactors are similar to those at the Fukushima Dai-ichi nuclear plant in Japan, which has struggled to avoid a full meltdown and had radioactive releases following a March 11 earthquake and tsunami.