They manipulate the PSC to cover unreasonable costs, obtain higher-than-deserved profits, and shift risk to ratepayers. These performance challenges contributed to schedule milestone delays and increased costs on the Project. The Company assumes the combined-cycle alternative would incur what the staff believes to be inflated carbon emission costs. As usual the Georgia Power Company and the PSC quibble over the cost-to-complete analysis. The full Commission again ignores the staff criticisms and approves whatever Georgia Power tells them.

There will be additional financing cost collected after construction is complete.

Staff again catches phony numbers and says an eight-month delay will make the project uneconomic. In addition to the direct construction impacts, subcontractors also faced similar obstacles and experienced a degradation in their performance as well. 2017. © 2020 Access Intelligence, LLC - All Rights Reserved. Each time before that staff has raised such questions they were later proven right. Romm, free-market-style, then chides Bill Gates (founder of TerraPower back in 2006 with one […], Charles Battig Georgia Power recently said construction of Unit 3 is about 94% complete, with the total project to place two Westinghouse AP1000 reactors in service about 88% complete. Tom Tanton, A project of the institute for energy research.

We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market. Georgia Power Company, whose every important forecast of cost, of schedule and of the cost of alternatives has been wrong by more than enough to have invalidated the project before and since its original certification, now seeks the Commission’s credulity and permission to spend nearly as much all over again to complete the two nuclear power plants it once said would be operating by now.

Three other project partners—Oglethorpe Power Corp., the … The project already is years behind schedule and billions of dollars over budget, with analysts estimating the cost of the project at $27 billion or more. It takes intense lobbying to do all these detrimental things to their customers. The new reactors, each 1,100-MW …

The PSC staff is again casting doubt on whether the official schedule and budget can be met. The parties also disagree on tax impacts, cancellation costs, and the projected cost of natural gas. Their methods include distorting accounting records to hide cost-shifting, inflated expenses and exaggerated estimates.

The U.S. Department of Energy contracted Shaw AREVA MOX Services LLC to design, construct, and operate a Mixed…, South Korea’s difficult power supply issues have been aggravated by an ongoing documentation scandal involving its essential nuclear…, Courtesy: Southern Company Inc. The full Commission again ignores the staff criticisms and approves whatever Georgia Power tells them. The Company, the staff and the Commissioners all know this. Georgia Power said that test could now occur in January 2021, but could be moved back to March of next year.

Said Prenovitz: “Given the fact that Vogtle’s meager 1,000 MWs of capacity was never needed (it only increases Georgia Power’s capacity by 7.0%), the fact that Georgia Power’s sales volume has actually declined over the past 10 years, and the fact that costs keep escalating highlights the futility of this endeavor. Plant Vogtle cost overruns once again an issue in Georgia PSC races Two seats are up for vote on the Georgia Public Service Commission, the body that regulates rates of … Customer groups who fight them must, of course, cover their own cost for participating in the regulatory process while still paying the Company’s cost to undermine customer defensive efforts. known as Units 3 and 4, at the site.



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