The public will be on the hook if there are cost overruns at Georgia Power’s nuclear expansion project, AJC writer Kristi Swartz reports.
Georgia utility regulators agreed Tuesday to scrap a proposal that would have eaten into Georgia Power’s profits should the project costs exceed $300 million, Swartz writes.
The Georgia Public Service Commission unanimously approved the plan after making sure the commissioners could review previously approved project costs if there is a budget increase. Customers would pay for cost overruns in their monthly bills unless the PSC determines the overruns are Georgia Power’s fault, Swartz reports.
Georgia Power is part of a group of utilities building two nuclear reactors at Plant Vogtle. The utility is responsible for $6.1 billion of the estimated $14 billion project, Swartz writes.
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