Georgia Power To Make Case for Extra $700 Million for Nuclear Project
Georgia Power will begin making its case Thursday on why its customers should absorb an extra $700 million for the nuclear expansion project at Plant Vogtle near Augusta.
Project manager Buzz Miller blames the new costs in large part to supply chain issues that he says were unexpected and outside the company’s control.
“We’ve had challenges…challenges with getting the supply chain back to being able to really supply [in] very rapid fashion at a high quality to meet our standards,” said Miller. “We’ve made great strides but we still need to turn the corner even more. We’re getting there.”
To build the new twin reactors, Georgia Power is requesting the project’s price tag go from about $6.1 billion to more than $6.8 billion.
Georgia’s Public Service Commission will ultimately decide if ratepayers should absorb the extra costs.
Commissioner Tim Echols says his priority heading into the hearings is finding out whether the company did all it could to avoid the overruns.
“There are some things that are beyond the power company’s control and I think being able to sort through all this and determine what is prudent and not prudent going forward is important so I can make a wise choice on behalf of ratepayers.”
The PSC, which must sign off on project costs every six months, will continue hearings on the company’s latest request August 13th and 14th and September 12. The commission will vote October 15.
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