The latest agreement would allow the company to collect the $224 million a year to pay for $2.1 billion in construction costs that commissioners have already approved as prudent under the deal. Public Service Commission staff members earlier estimated that the typical customer will have paid $854 in financing costs alone by the time the Vogtle reactors are finished. is pushing back the startup date for its two new nuclear reactors near Augusta, saying its still redoing sloppy construction work and that contractors still arent meeting deadlines. But rates are still projected to rise more as the nuclear reactors are completed. Georgia Power’s 2.6 million customers have already paid more than $3.5 billion toward the cost of Vogtle units 3 and 4 under an arrangement that’s supposed to hold down borrowing costs. He proposed delaying part of the increase until the beginning of 2023. “Rate increases are never welcome, but the timing of Vogtle 3 could not be worse,” said Jeffry Pollock, a rate consultant who testified on behalf of the Georgia Association of Manufacturers. Commissioners, who plan to vote on a rate increase in November, aren't bound by the agreement, but such deals are typically very influential. It recommends that the company get most of what it originally asked for.
Customers also are likely to see a third separate rate hike, to allow Georgia Power to cover higher fuel costs.Īn agreement regarding the first of the new nuclear reactors was filed Wednesday by the company and Public Service Commission staffers who are tasked with protecting consumer interests. That's part of a three-year $1.77 billion plan approved by commissioners in 2019. Customers could be asked to pay substantially more once the fourth reactor begins generating power, now scheduled for sometime in 2023.Ī $157 million rate hike, costing a typical residential customer $2.87 a month, is also set to begin on Jan. Street address number: Please enter the number - digits only - of the street address listed on your residential account (ex. The reactor is now supposed to go into service in June. Is the appliance(s) in working condition Yes No Last name: (as it appears on your bill) Please enter the account holders last name as it appears on your bill. The rate increase would start after Unit 3 at Plant Vogtle begins generating electricity. Georgia Power says the proposal would raise bills for a typical residential customer by about 3%, or $3.78 a month on a bill of $122.73. customers as well those who get their electricity from JEA are likely to pay another $224 million a year for the first of two nuclear reactors near Augusta.
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