Southern Co. photo of the proposed new reactors construction site at Plant Vogtle -- a giant rat hole down which billions of dollars of ratepayer money are being pouredAs reported by the Atlanta Progressive News, Georgia ratepayers, as well as groups such as Georgia Women's Action for New Directions and Nuclear Watch South, have testified before the Georgia Public Service Commission (PSC) against billion dollar cost overruns at Southern Company's construction site for proposed new reactors from being foisted onto customers' electricity bills:
'..."Many of the cost overruns are the result of mismanagement. The company has said less than one percent of the increases in costs are from engineering procurement and construction. These costs are results from mismanagement in paperwork and scheduling delays," Courtney Hanson, Director of Public Outreach at Georgia Women's Action for New Directions (Georgia WAND), testified.
"Southern Company jumped the gun in seeking license for the whole project and the cost accrued because of design changes and license amendment requests. They were not prepared when the process started and the cost reflects that. This is a problem that happens over and over," John Michael, a ratepayer, testified.
"The cost overrun is not a new story and it is unfair for these cost overruns to be continually passed on to the ratepayers. Last time [with Vogtle units one and two] we were promised four reactors for six hundred million dollars and we got two for over eight billion. A company will never reduce costs if they continually have a blank check written to them," Amanda Hill-Attkisson, Managing Director of Georgia WAND, testified...
[Steve] Prenovitz, an expert in economics with Nuclear Watch South, challenged continuing the Vogtle project. He raised the question over whether the public would be better served by cutting their losses on Vogtle before massive cost overruns in the future reach stratospheric numbers.'