Early County News

State’s Public Service Commission approves agreement on Plant Vogtle

Georgia energy regulators have unanimously approved a plan to let Georgia Power pass on to customers almost $7.6 billion of its costs in building two additional nuclear reactors at Plant Vogtle.

The Atlanta-based utility agreed in August to reduce the costs it was asking the state Public Service Commission (PSC) to declare “reasonable and prudent” by about $2.6 billion after years of delays and cost overruns that more than doubled the price tag from the $14 billion authorized back in 2009.

The first of the new reactor units at the plant south of Augusta went into service at the end of July. The second is due to follow by the end of March. The project will increase the average residential customer’s bill by $8.95 per month.

Commissioner Lauren “Bubba” McDonald, the only member of the PSC who was on the board in 2009, acknowledged the difficulties the project has faced during the last 14 years.

“It has been a journey,” McDonald said before Tuesday’s vote. “(But) for the first time in 34 years in America, a nuclear plant has been built. … We suffered the pain, but we’re also going to enjoy the benefit.”

“The Vogtle … nuclear expansion project represents a long-term investment for our 2.7 million customers and Georgia, providing clean, safe, reliable, and emission-free energy for decades to come,” Georgia Power added in a statement.

“We believe this decision by the Georgia PSC acknowledges the perspectives of all parties involved and takes a balanced approach the recognizes the value of this long-term energy asset for the state of Georgia and affordability needs for customers.”

Representatives of environmental and consumer advocacy groups that signed onto the agreement with Georgia Power pointed to the company’s commitment to significantly expand its energy efficiency programs and increase the number of seniors who will qualify for its bill-relief program.

“We are pleased the commission included programs that will provide the most vulnerable customers with some bill relief,” said Codi Norred, executive director of Georgia Interfaith Power and Light.

Bryan Jacob, representing the Southern Alliance for Clean Energy, complained during a hearing last week that the August agreement fails to set forth how the costs of the Vogtle nuclear expansion will be allocated between residential and small-business customers and large industrial customers.

Nuclear Watch South, one of the environmental organizations opposed to the agreement, said the rate increase for Plant Vogtle is one of several Georgia Power has received during the past year.

“The smart money knows nuclear energy is a bad investment,” said Stephen Wing, a member of Nuclear Watch South’s Board of Directors. “Yet the profit on that investments goes to Georgia Power shareholders … while we get stuck with a 26% rate hike to cover the project’s construction mistakes, on top of three other rate hikes in the past year alone.”

Georgia Power is a 45% partner in the Vogtle expansion, working with Oglethorpe Power, the Municipal Electric Authority of Ga., and Dalton Utilities.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.