http://www.cleanenergy.org/2015/06/19/georgia-powers-over-budget-39-month-delayed-plant-vogtle-reactors-to-be-discussed-at-public-hearing/

SACE | Southern Alliance for Clean Energy

Georgia Power’s Over Budget, 39-Month Delayed Plant Vogtle Reactors to be Discussed at Public Hearing

parts/content-body.any.php

Georgia Public Service Commissioners to hear from public, experts

Contact: Jennifer Rennicks, SACE, 865.235.1448, jennifer@cleanenergy.org

 

Atlanta, Ga. (June 19, 2015) ///PRESS ADVISORY/// A public hearing on the 12th semi-annual Vogtle Construction Monitoring (VCM) report (Docket 29849) will be held at the Georgia Public Service Commission (PSC) on Tuesday, June 23. Georgia Power’s two nuclear reactors under construction at Plant Vogtle near Waynesboro along the Savannah River are 39 months behind schedule and significantly over-budget. In fact, testimony from the PSC Public Interest Advocacy (PIA) staff expert witnesses, who will testify at the hearing, already identified an additional 3-month delay and reiterated that as the project is further delayed the costs for Georgia Power’ share of the project, which has now increased by $1.4 billion, will increase $2 million per day. Costs have increased by over $800 million just since the last review.

Over $1.1 billion has been collected from Georgia Power customers due to the anti-consumer state legislation passed in 2009, the Georgia Nuclear Energy Financing Act or Georgia’s “nuclear tax,” which allows Georgia Power to charge customers in advance for financing costs associated with the Vogtle project. In 2015, the average household will pay more than $75 towards the Nuclear Construction Cost Recovery rider and this is expected to increase in the years ahead.

 

What: The PSC is holding a public hearing on the 12th semi-annual Vogtle Construction Monitoring report. Georgia Power customers are encouraged to attend and comment.

When: Tuesday, June 23, 2015 at 10 a.m. ET

Where: Georgia Public Service Commission, Hearing Room, 244 Washington Street, SW, Atlanta, GA 30334-9052. Find directions at http://www.psc.state.ga.us/contactinfo.asp. The hearing will be audiocast, visit http://www.psc.state.ga.us/calendar/.

 

Additional information:

The public can sign up to speak at the meeting; a sign-up sheet will be available. Written comments are also accepted; a decision will be made by August 18, 2015. Public comments should reference “Docket 29849” and may be submitted online via http://www.psc.state.ga.us/content.aspx?c=/commissioners/, by regular mail to the PSC address above or by phone at (800) 282-5813.

 

Originally Vogtle reactor Unit 3 was scheduled to come online April 1, 2016 and Unit 4 one year later but updated estimates from Georgia Power are now June 2019 and June 2020 respectively, representing a 39-month delay. But expert witnesses for the PSC have identified additional delays as serious construction challenges remain. The current certified cost for Georgia Power’s share of the project is approximately $6.113 billion. Now the Company’s cost estimate has increased by 23% to approximately $7.518 billion. Georgia Power is 45.7% owner in the project (remaining utility partners are Oglethorpe Power (30%), MEAG (22.7%), which is still trying to finalize a $1.8 billion taxpayer-backed nuclear loan guarantee, and the City of Dalton (1.6%)). This means the original approximately $14.1 billion Vogtle project is now estimated to cost at least $16.5 billion, which does not include over $1.1 billion in possible litigation costs.

###

 

Founded in 1985, the Southern Alliance for Clean Energy promotes responsible energy choices that work to address the impacts of Global Climate Change and ensure clean, safe, and healthy communities throughout the Southeast. Learn more at www.cleanenergy.org.