Delta Air Lines Inc. said Wednesday that first-quarter profit more than tripled as passengers flew more and jet fuel prices fell from a year ago. The results were slightly better than analysts expected, and the shares gained in trading before Wall Street's opening bell.
A concert held last weekend at the University of Georgia’s Sanford Stadium was an immediate success for those both on campus and off. The country concert featured Georgia artists Jason Aldean, Luke Bryan and Thomas Rhett as well as Florida native Jake Owen.
A state House subcommittee has voted to kill a bill aimed at reducing the profits a utility could earn if construction of a nuclear plant exceeds the original budget. Morris News Service reports the legislative panel voted Tuesday to strike the bill down after Georgia Power Co. — a subsidiary of Southern Co. — announced it needed to raise its construction budget for Plant Vogtle in Waynesboro by $737 million to $6.85 billion.
Utility regulators are expected to vote on an agreement abandoning a plan to trim Georgia Power's profits if construction of a new nuclear power plant goes over budget. The elected members of the Public Service Commission plan to vote on the deal Tuesday morning. The agreement was negotiated last month between PSC staff members and the utility. It calls for dropping a plan that would have trimmed Georgia Power's profits if the construction of two more nuclear reactors at Plant Vogtle near Augusta costs the Southern Co. subsidiary more than $6.4 billion.
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.