Tuesday
Mar052013
No surprise, Vogtle nuclear expansion already over budget and behind schedule
Georgia Power's plan to expand the Vogtle nuclear power plant will take more than a year-and-a-half longer than expected and will cost about $740 million more than originally proposed.
The utility will pay more of the $14 billion projected cost because of increased capital costs and additional financing. Customers will be paying for their part of the expansion costs longer.
Customer fees will rise from $3.88 in 2011 to $5.11 and will continue to grow until the plant produces electricity, sometime around 2017 or 2018.