Uncertainty has loomed for years over whether Georgia Power customers will be stuck paying for big cost overruns on the the nuclear expansion under way at Plant Vogtle near Augusta.
The issue wasn’t expected to be settled until after the first of two new reactors is online, now slated to be in mid 2019.
But a move Friday by Georgia Power could push the state’s elected Public Service Commission to act now, rather than letting the matter lie until years in the future when the PSC might have a different makeup.
And by getting approval now for what is ultimately at least $1.4 billion in higher costs, the company might avoid having to halt its collection of the project’s financing costs for anything beyond the original cost estimate. Georgia Power customers already are paying Vogtle’s financing expenses in their monthly power bills.
PSC Commission Chairman Chuck Eaton said he’s trying to understand the ramifications of what the company is asking for in its Friday filing.
But he said he thinks the company’s moves “would be a step in the direction of gaining recovery for those extra costs sooner rather than later.”