More: Meet the third parties trying to shape the Vogtle expansion and keep rates low
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The project, originally projected to cost $14 billion, has ballooned to at least $26 billion.Īt the same time, the completion dates have been postponed from 2016 for the first unit and 2017 for the second until 20, due in part to the bankruptcy of prime contractor Westinghouse and, more recently, to workforce shortages arising from the coronavirus pandemic. Instead, commissioners have opted to postpone deciding how much of the cost overruns Georgia Power customers will have to bear until after Unit 3, the first of the two new reactors, is completed. The PSC voted in August to stop approving incremental cost increases incurred at the long-delayed, over-budget nuclear expansion at the plant south of Augusta. “Neither party to the stipulation received everything it wanted, but instead what staff believes is a fair and just compromise,” Steven Roetger, an analyst with the Georgia Public Service Commission’s Public Interest Advocacy Staff, told commissioners during a hearing on the agreement.
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ATLANTA - Power would be allowed to pass on to customers $2.1 billion of the costs of completing the first of two new nuclear reactors at Plant Vogtle under a stipulation agreement outlined Thursday.īut the Atlanta-based utility wouldn’t be permitted to start recovering those costs until one month after the reactor unit goes into commercial operation, next June under the current completion schedule.