A nuclear power plant being built in Georgia is now projected to cost its owners more than $30 billion. A financial report from one of the owners on Friday pushed the cost of Plant Vogtle near Augusta to a forecast cost of $30.34 billion.
Allowing Georgia Power to finance the Plant Vogtle nuclear expansion and other large projects through ratepayer-backed bonds could save customers hundreds of millions of dollars, supporters told a state Senate committee Tuesday.
If you feel like you keep reading the same story about the expansion of Plant Vogtle, the only new nuclear power under construction in the U.S., you’re not exactly wrong.
Recently discovered “construction quality” issues mean the first of two new nuclear reactors being built at the plant south of Augusta may not be completed before February 2023.
State regulators will consider signing off Tuesday on a plan marking a significant shift in how cost overruns are handled for Georgia Power’s Plant Vogtle expansion, which is already billions of dollars over budget and years behind schedule.
Plant Vogtle’s first new nuclear reactor may not start producing energy for Georgia consumers until at least next June, which would be a longer delay than Georgia Power predicted just last month.
Georgia energy regulators will decide this fall how much of the costs of building the first of two additional nuclear reactors at Plant Vogtle Georgia Power can recover from customers.
The Georgia Public Service Commission will soon decide whether to sign off on the $670 million in construction costs over the final six months of 2020, a tab that could eventually get passed onto customer’s electric bills.
Hot functional testing has begun on the first of the new reactors, Unit 3, at the plant south of Augusta. That’s the final series of major tests the reactor must pass prior to initial fuel load.
Georgia Power is putting off some of this year’s milestones in the construction schedule for the nuclear expansion at Plant Vogtle, citing the COVID-19 pandemic.
Georgia Power’s overdue and over-budget Plant Vogtle nuclear plant expansion served as a handy punching bag for the challenger in a Tuesday debate as he took on a veteran of utility regulation ahead of the state’s Jan. 5 runoff election.
Georgia’s twin U.S. Senate contests are consuming most of the country’s political attention now that the presidential contest is finally decided in favor of President-elect Joe Biden.
Georgia consumers will have to pay more for power, starting in 2021, now that state regulators have voted to let construction continue on two nuclear...
