Plant Vogtle Unit 3 containment vessel bottom head inside nuclear islandOWNERSHIP OF PLANT VOGTLE• Georgia Power: 45.7 percent• Oglethorpe Power Corp.: 30 percent• Municipal Electric Authority of Georgia: 22.7 percent• City of Dalton: 1.6 percent
A debate over the rising cost of building a first-of-its-kind nuclear plant in Georgia will be pushed far into the future.
Regulators at the Public Service Commission were facing a legal dilemma ever since Southern Co. subsidiary Georgia Power asked in February to raise its construction budget for building two more nuclear reactors at Plant Vogtle by $737 million to $6.85 billion.
That request raised expectations that PSC staffers would seek this month to block the utility from passing along some of its costs to customers, but that didn’t happen. Instead, Southern Co. and Georgia utility officials recently reached a preliminary deal that would postpone a major budget debate until at least January 2018, when the first reactor is projected to come online.
A glimmer of the state’s strategy emerged Friday in a report filed by nuclear engineer William Jacobs Jr. and PSC analyst Steven Roetger. Their report lays out the reasons why regulators could try to force the utility to absorb losses because of construction mishaps, but it stops short of recommending that regulators reject any spending now.