Protect Georgia Power Customers from Massive Cost Overruns

In 2009, legislation allowed Georgia Power to use a Nuclear Construction Cost Recovery (NCCR) tariff to collect the financing costs from customers during the construction of nuclear power units.  In 2011, Georgia Power began collecting the NCCR tariff while constructing two units at Plant Vogtle. Construction is at least 39 months behind schedule and current estimates forecast 37% higher than expected cost overruns of at least $2.25 billion. In December 2016, the Georgia Public Service Commission (PSC) approved an agreement reached between Georgia Power and PSC Staff that will require the Company’s ratepayers rather than shareholders to absorb nearly all the impact of the delays and cost overruns. Adding insult to injury, Georgia Power requested an additional $99 million from ratepayers to explore more nuclear units in Stewart County. The Commission approved their request. Georgia Watch continues to explore options to hold Georgia Power Company accountable for delays and cost overruns on Plant Vogtle.

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