State defers showdown on Ga. nuclear plant costs News Tribune, : August 11, 2013 By RAY HENRY — Associated Press ATLANTA — A debate over the rising cost of building a first-of-its-kind nuclear plant in Georgia will be pushed far into the future.
Regulators at the Public Service Commission were facing a legal dilemma ever since Southern Co. subsidiary Georgia Power asked in February to raise its construction budget for building two more nuclear reactors at Plant Vogtle by $737 million to $6.85 billion. That request raised expectations that PSC staffers would seek this month to block the utility from passing along some of its costs to customers, but that didn’t happen. Instead, Southern Co. and Georgia utility officials recently reached a preliminary deal that would postpone a major budget debate until at least January 2018, when the first reactor is projected to come online.
A glimmer of the state’s strategy emerged Friday in a report filed by nuclear engineer William Jacobs Jr. and PSC analyst Steven Roetger. Their report lays out the reasons why regulators could try to force the utility to absorb losses because of construction mishaps, but it stops short of recommending that regulators reject any spending now…….
Former Commissioner Robert Baker, who has represented a consumer watchdog group critical of the utility’s spending, said regulators should object to spending now, not wait years into the future. Baker said he believes the preliminary agreement might delay a major review until 2020.
“The new commission in 2020 that looks at this is not going to have the institutional memory, have gone through the entire process up to that time,” he said. “They’re not going to want to second guess what happened seven years ago or eight years ago.” http://www.thenewstribune.com/2013/08/11/2725340/state-defers-showdown-on-ga-nuclear.html
