Surprise!
The already-billing but not-built new nukes at Plant Vogtle
are going to be even later and cost even more.
In December they were to be
15 months late;
now it’s 19 months late,
and the cost overrun expected is $740 million.
History is repeating itself from
the last time Southern Company
and Georgia Power built nukes on the Savannah River.
How about we pass
HB 267 to stop Georgia Power from charging that cost overrun to customers?
Kristi Swartz wrote for the AJC yesterday,
Vogtle nuclear project to take longer, cost more,
Georgia Power’s Plant Vogtle nuclear expansion project will take
about 19 months longer to complete than originally expected and cost
about $740 million more than originally thought, the company said
Thursday.
Georgia Power said its share of the estimated $14 billion project
will rise to $6.85 billion, up from $6.11 billion, because of
increased capital costs and additional financing costs. Customers,
who have been paying the financing costs since 2011, now will pay
them for a longer period of time.
And the amount Georgia Power customers have to pay
for
Construction Work in Progress (CWIP) keeps
ratchetting up:













