David A. Staples running for the Georgia Public Service Commission for District 5, talked about the ethical conflicts of the incumbents who take almost all of their campaign contributions from people associated with the utilities they regulate. Then he mentioned that the new nuclear reactors Georgia Power is building for Southern Company at Plant Vogtle have another $3.5 billion in cost overruns coming.
This is after the PSC incumbents just rubberstamped the Vogtle budget in August, and on top of the $900 million in cost overruns we already knew about. That $900 million was already more than 6% of the originally-projected $14 billion total cost. If it’s now $3.5 + $0.9 = $4.4 billion, that’s more than 31% over the original total. Maybe we should vote in some PSC members and legislators who will stop this nonsense.
Here’s the video:
Another $3.5 billion nuclear cost overruns coming —David Staples
Candidates Forum, The Home Builders Association of South Georgia (HBA),
Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE),
Valdosta, Lowndes County, Georgia, 18 October 2012.