In a unanimous vote, utility regulators rejected a plan Tuesday that would have tied Georgia’s Powers profits to its ability to stay within budget for its nuclear expansion project. The Public Service Commission will rely on regular reviews to monitor costs.
A plan intended to protect consumers from potential cost over-runs at Plant Vogtle is dead. The Public Service Commission staff withdrew the proposal after months of saying it was necessary for consumer protection.
State utility regulators heard arguments Wednesday over a plan intended to protect consumers from potential cost over-runs of the nuclear expansion of Plant Vogtle. More than a dozen people went before the Public Service Commission to voice their concerns over the project itself.
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 will be paying another $108 million dollars for the construction of two new nuclear units at a plant near Augusta. The Public Service Commission voted earlier this week to allow Georgia Power to shift the cost of its legal dispute with its Plant Vogtle contractor to its average ratepayers.