Finish it and then send we the taxpayers and ratepayers a bill?
What kind of deal is that?
So Southern Company already
dodged a Fitch downgrade by delaying
a decision, and now GA PSC wants to put it off for years more.
That also delays solar deployment in Georgia, putting us still farther behind.
Ray Henry wrote for AP yesterday,
Ga. approves deal on nuclear plant costs,
A debate over the rising cost of building a nuclear power plant in
Georgia will be delayed for years under an agreement approved
Tuesday by Georgia’s utility regulators.
The elected members of Georgia’s Public Service Commission
unanimously approved a deal that will put off a decision on whether
Georgia Power can raise its budget for building two more nuclear
reactors at Plant Vogtle (VOH’-gohl) until the first of those
reactors is finished. An independent state monitor has estimated the
first reactor will be finished in January 2018 at the earliest.
Regulators will continue monitoring company spending but will not
make a decision on raising the bottom line budget figure.
So GA PSC will keep watching costs run over budget but will do nothing
about it.
Oh, wait, it’s actually worse: Continue reading →