Tag Archives: Liz Coyle

Time to decide if you pay more for Georgia’s nuclear debacle

by Matt KempnerVogtle_ajc_8-3-17
11/3/17 ATLANTA: Don’t read beyond this sentence if you don’t pay a power bill in Georgia and never will.

Otherwise, get your wallet out.

There’s a bit of show biz about to start Monday in hearings with elected state regulators. When it’s over, it’s likely to end up costing you and your Georgia descendents for decades to come.

That’s because the only giant, deeply delayed, steeply over-budget nuclear power construction project still underway in the U.S. may well get another wink and pat on the back from Georgia regulators.

So far, Georgia politicians have failed to enact significant consumer protections that would limit a government-enforced monopoly (Georgia Power) from sidestepping the vast majority of risk while raking in extra (extra!) profits on the overruns for the company’s Plant Vogtle expansion.

Elected members of the Georgia Public Service Commission start the first of four days of hearings Monday. It’s Round One in what on paper could be a momentous decision after years of complex construction plagued by unfinished designs, incomplete scheduling, flawed parts and workmanship, insufficient oversight early on and too much worker downtime.

The PSC accepted the setbacks, missteps and busted budget in the past. But now PSC members are faced with their first go/no-go vote since originally approving the project in 2009. That’s because the bankruptcy of Westinghouse, the project’s main contractor, throws significantly more risk and cost into the mix.

Read the whole article: Atlanta Journal-Constitution

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Georgia Power profits off Plant Vogtle construction despite cost overruns, delays, and contractor bankruptcy

Vogtle_construction17by Anne Maxwell
WAYNESBORO, Ga. 5/8/17: The construction of two nuclear reactors at Plant Vogtle is years behind schedule and billions over budget. Last month, the contractor, Westinghouse Electric, filed for Chapter 11 bankruptcy protection.

Plant Vogtle employees hundreds of people in Burke County and the temporary contract with Westinghouse expires Friday, which means the project’s future after that is up in the air.

An attorney for Georgia Power, which is one of the main owners of Plant Vogtle, has said all options are on the table. They could totally shut down the project, or build only one of the two reactors they are currently constructing. There has also been talk of converting it to a natural gas plant, but it is not clear whether that would be economical. Or they could continue building despite even higher costs.

But no matter what happens, Georgia Power is still going to make a profit.

Read the whole story and see video: ABC News Channel 6 wjbf.com

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HB 931 seeks end to ratepayer subsidy of nuclear construction in Georgia

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by Gloria Tatum
(APN) ATLANTA 2/17/16 — A pro-consumer bill, HB 931, co-sponsored by State Rep. Karla Drenner (D-Avondale), calls for an end to the Nuclear Construction Cost Recovery (NCCR) surcharge on Georgia Power electric bills after March 2017.

NCCR is a statewide surcharge that all Georgia Power residential and small business electricity customers pay every month.

It is about eight percent of one’s total bill with additional periodic rate increases.

Georgia Power’s two new nuclear reactors, Vogtle 3 and 4, originally were scheduled for completion in 2017, and at that time the surcharge was to expire.

However, Georgia Power is over three years behind schedule, and almost three billion dollars over-budget, with only 26 percent of the construction complete.

Read the whole article: Atlanta Progressive News

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