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pected to affect the total capital cost forecast for the project. However, any slippage in the timetable for completion beyond March 31 would reduce Georgia Power’s return on equity to zero, which would reduce earnings by about $30 million for each month until the work is finished.
The state Public Service Commission (PSC) voted in December to let Georgia Power pass on to customers almost $7.6 billion of its costs in building the two additional nuclear reactors at Plant Vogtle, the first built in the United States since the 1980s.
The project, originally expected to cost $14 billion when the PSC approved it in 2009, has more than doubled due to a series of cost overruns and delays in the construction schedule. The project will increase the average residential customer’s bill by $8.95 per month.
Environmental groups critical of the Plant Vogtle expansion argue nuclear energy is a bad investment and that Georgia Power would be better off more aggressively pursuing the development of renewable energy sources.
Georgia Power officials say the project is a sound long-term investment that will provide safe, reliable, and emission-free energy for up to 80 years.
schoolwide expectations: Be Respectful and Value Everyone. (L to R): Back Row: Zho'e Sanders, Stella Braddy, Den nis Adams, David Barrera-Cervantes, Chelsea Powell, Grant Long, Shavayae Mitchell, Kaisley Phillips, Aubrie Gillis, Tevin Snell; Middle Row: Macon August, Hughes Maybin, Haven Johnson, Chance Woodruff, Jayden Murphy, Elisa Ambrosio Pedro, Annalise Hodge, Brooklyn Miller, Isaiah Troupe, Alexa Day, Natalie Taylor; Front Row: Landyn Wal- lace, Madalee Sanchez, Camdyn Walker, Tydayci Hill, Jonathan Lanier, Graham Carter, Zayden Barton, Ry'lan Nich ols, Laney Martin, Talitha Cordero, and Aliyah Wood. Not Pictured: Justin Williams, Noah Soloman, and Bryson Reed.
