Georgia regulators OK deal on Plant Vogtle project cost overruns

(Georgia Power)
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Wednesday, Dec. 21, 2016

ATLANTA, Ga. (WRDW/WAGT) -- Georgia Power officials say a plan to raise costs at Plant Vogtle will actually mean your bills will go down.

The Public Service Commission has approved an additional $2 billion for the new reactors, bringing the total cost to $8 billion. Georgia Power customers have financed a chunk of that with a monthly nuclear fee.

Yesterday's decision by the commission means that fee can't go up for the next 4 years, which will save consumers more than $300 million. However, critics of the decision say you’ll actually end up paying more in the long run.

The project at Plant Vogtle is more than three years behind schedule, and more than $3 billion over budget. The plan approved Tuesday also raises the penalty for Georgia Power if the project is not completed by the end of 2020.

Read the original version of this article at www.wrdw.com.