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.
Georgia Power said crews are working to restore service to more than 600 customers in metro Atlanta after storms downed trees and power lines. The utility reported early Thursday that most of the customers were on the northern and northeastern parts of metro Atlanta.
The state Public Service Commission voted Thursday to approve Georgia Power’s 20-year energy plan – including an additional 525 megawatts of solar power. Along with the utility’s existing solar program, that will bring almost 800 megawatts of solar online by 2016.
Utility regulators will require that Georgia Power add more solar energy to its system. The elected members of the Public Service Commission voted 4-1 on Thursday to require that Southern Co. subsidiary Georgia Power seek to add 525 megawatts of solar energy to its network.