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Thursday, January 20, 2011 - 4:11am

Utility To Fight Profit Limits

Georgia Power is fighting a proposal that would cut its profits if the cost of building a nuclear power plant runs over-budget.

The state's Public Service Commission meets Thursday amid a debate over who should pay the bills if the cost of building two more reactors at Plant Vogtle near Waynesboro is more than expected.

A senior PSC staff member has proposed the risk should be split between the electric company and its customers. Under that plan, Georgia Power would get a boost in its earnings for finishing Plant Vogtle under budget. If costs go too high, the utility's profits would be reduced.