Regulators to consider Georgia nuclear power plant costs
Utility regulators will continue their review of the costs of building a new nuclear plant in eastern Georgia
ATLANTA (AP) — Utility regulators will continue their review of the costs of building a new nuclear plant in eastern Georgia.
The Public Service Commission plans to meet Tuesday as it debates whether to approve Georgia Power's recent spending as it builds two more nuclear reactors at Plant Vogtle.
The Southern Co. unit was originally authorized to spend $6.1 billion on its share of the project. However, the building schedule has suffered delays and costs have increased. The latest company estimates put the cost at $6.7 billion.
However, costs could rise if the plant cannot be built as fast as the company projects. Ongoing litigation between the plant's owners and builders could also result in more expenses.
Unless utility regulators rule otherwise, Georgia Power's customers ultimately pay for the plant's construction.