Already they are almost a billion dollars over and running behind schedule. People closely following this slow-motion train wreck doubt that the actual cost of Vogtle 3 and 4 will be less than $20 billion — and that is excluding capital costs, which ratepayers will be paying for the rest of their lives (like our house mortgages). To put that in perspective, the State of Georgia budget is about $20 billion annually.
The Public Service Commission has a third party monitor who helps them assess whether the project and associated costs are on track. Right now, Georgia Power is on the hook for $400 million in cost overruns. This fall will likely be a critical time for Georgia regulators to make a go/no-go decision. In the meantime, now is your chance to find out whether the two Public Service Commissioners who are up for election this year, Chuck Eaton and Stan Wise, deserve another term. Georgia Public Broadcasting will be hosting a debate which will air Sunday at 5pm. Click here for the broadcast, and don’t forget to vote on July 31st!
According to GPB, the PSC debate schedule for Sunday 22 July 2012 is:
Date and Time
Sunday, July 22 at 4:30 pm
Public Service Commission District 3 Republican
Chuck Eaton and Matt Reid
Sunday, July 22 at 5 pm
Public Service Commission, District 5 – Republican