State regulators have delayed vote on a plan to protect consumers from cost over-runs at Plant Vogtle. The proposal would tie Georgia Power’s profits to its ability to come in on time and at cost for its estimated 14 billion dollar nuclear expansion project.
Georgia Power customers can expect to pay 17 percent more on electricity come January. The Public Service Commission approved one of the largest rate hikes in the utility’s history, along with a nuclear surcharge to cover the financing costs of Plant Vogtle's expansion Tuesday.
The Public Service Commission heard testimony Monday morning from several groups opposed to Georgia Power's billion dollar rate hike request. The PSC's advocacy staff also says the amount is too high. In pre-filed testimony, the PSC staff says Georgia Power should get less than half of what it's asking for.