State utility regulators begin hearings Tuesday on Georgia Power’s request to increase rates by nearly $8 a month for the typical customer. All told, the increase will generate an additional $482 million for the company, which officials say is needed to offset higher costs and lower revenues from customers using less energy.
The Georgia Public Service Commission is holding a hearing next week on a proposed Georgia Power Rate Increase.Commission spokesman Bill Edge said Tuesday that the Oct. 1 hearing will feature a public comment session on the utility's plan to increase rates beginning in January 2014.
A state financial analyst says Georgia wouldn't build a nuclear power plant if it were starting from scratch. The analyst working for state regulators, Philip Hayet, said in written testimony that the total costs of building two more nuclear reactors at Plant Vogtle is more expensive than the next-best option, constructing natural gas plants.
A nuclear engineer and a financial analyst are expected to testify before the Public Service Commission on Tuesday about the cost of building two more nuclear reactors at Plant Vogtle, southeast of Augusta.
A report filed Friday suggests it's highly unlikely the staff at the Public Service Commission will attempt to block any of Georgia Power's spending on two new reactors at Plant Vogtle until after the utility resolves a $930 million business dispute with its partners.
The Southern Co. is taking an additional $450 million in losses on an over-budget coal-fired power plant in Mississippi. Southern Co. previously took a $540 million loss on the plant. Georgia utility regulators are watching the company’s approach to overruns at the Mississippi plant as they consider excess costs at Plant Vogtle near Augusta.
A utility regulator in Georgia has asked Southern Co. executives whether the firm has considered taking a loss on the extra costs for building a nuclear power plant. That question came Thursday as utility officials gave their first testimony since announcing the company could not meet its state-approved budget to build two more reactors at Plant Vogtle, southeast of Augusta.