by Matt Kempner
ATLANTA 4/13/16 — What do you call overruns on a project that’s more than three years delayed and at least $1.7 billion over budget?
Reasonable and prudent. At least if you are Georgia Power and you want customers to swallow every penny of the mistakes that would otherwise be the utility monopoly’s responsibility for its adventures in nuclear expansion.
“Every dollar, and every day, that has been invested has been necessary to complete these new units safely and correctly,” Georgia Power CEO Paul Bowers asserted in a recent filing to state regulators.
The company uses the words “prudent” and “reasonable” a lot in the filing because that’s the legal measure of whether the extra costs can be pushed onto customers’ monthly power bills for the company’s troubled Plant Vogtle expansion.
Read the whole article: Atlanta Journal-Constitution