by Jay Bookman
11/13/17 ATLANTA: More than a decade ago, our good friends at Georgia Power conceived the idea of building two new nuclear reactors — the first to be built on U.S. soil in a generation — at its Vogtle site outside Augusta.
Georgia Power recruited the partners it needed from electric co-ops and city utilities around the state. It convinced its obedient servants at the state Public Service Commission to rubber-stamp the project, which they did by a 4-1 vote. (All four “yes” men are still on the PSC today, still collecting their six-figure salaries, their durability testament to the wisdom of not crossing Georgia Power.)
The company hired the most powerful lobbyists in the state to supplement its own standing army of lobbyists, then strong-armed a law through a compliant state Legislature that forced consumers to start paying for the nuke projects immediately, long before they produced any power. Getting the signature of then-Gov. Sonny Perdue on that bill also proved to be no problem, since the man whom Perdue had hired as his chief of staff happened to have been Georgia Power’s top lobbyist for decades.
Georgia Power chose the design. Georgia Power hired the contractors. Georgia Power assured everyone who would listen that the problems that had long dogged nuclear power — the safety concerns, the massive cost-overruns and construction delays — had been resolved, and that the units would be up and producing power by 2017 just as scheduled. Critics who noted the difficulty and risk of trying to restart a complicated, zero-defect industry from scratch were steamrollered.
The message from the company was steadfast: “Don’t worry, we got this.”
Well no, they didn’t. They were wrong, spectacularly wrong, and their critics have been proved right. Under the original schedule, both new nuclear units should have been producing power by now. Instead, they are less than half built. The cost overruns have been enormous, basically doubling in cost even if nothing further goes wrong. And what is the price to be paid for such failure?
For Georgia Power, the price is none. No price, and to hear Georgia Power tell it, no failure. In a meeting last week with reporters from the Atlanta Journal Constitution, Georgia Power CEO Paul Bowers was asked whether the company deserved any blame or responsibility for imposing this financial catastrophe on the people of Georgia.
“The answer to that question is no,” Bowers said.
No? The answer to that question is no?
Read the whole article: Atlanta Journal-Constitution