If Georgia Power stonewalls on cost overruns, will it lose at least one Commissioner this time? Long-time nuclear supporter Tim Echols suggested at the hearings this morning that cost overruns at nuclear Plant Vogtle should be capped like Southern Company was forced to do for Kemper Coal by the Mississippi PSC. Standard & Poor’s already downgraded SO because of Kemper Coal and two analysts have downgraded SO for sticking to coal and nukes instead of doing more solar and wind. If SO’s majority part Georgia Power loses the GA PSC, it could be curtains for Plant Vogtle’s new nukes.
Ray Henry wrote for AP this morning, Southern Co. challenged on nuclear plant costs,
Southern Co. subsidiary Georgia Power has asked to raise the budget for its share of massive project by $737 million to roughly $6.85 billion.
Public Service Commission Tim Echols asked whether the firm has considered offering a deal like one it reached in Mississippi over a separate plant that also proved expensive to build. The company has absorbed $540 million in losses in Mississippi and could face more.
Remember, Tim Echols has for two years now been Continue reading