Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
GA nuke plant soaking ratepayers - may never come online
The money quote:
“If the cost of completing the facility can no longer be accurately predicted the project should be closely and thoroughly reevaluated to reflect market conditions before more ratepayer money is committed to the high-risk project,” Smith said. “(I)f the companies choose to build an electric generation facility with unknown costs to complete and unknown schedules, they should have their shareholders carry the risk not the ratepayers in the area.”"
Troubled nuclear plant costs rising for Savannah residents
Vogtle construction now $3 billion over budget, three years behind schedule
... ratepayers are already paying for the two new nuclear reactors, both of which may never produce a watt of electricity. How much have customers already dished out? For southside Savannah customer Cornelia Stumpf, the Vogtle bills already total more than $500.
...
Stumpf’s situation reflects that of many Savannah area residents. She lives in a 1,900-square-foot midcentury modern house in Magnolia Park, running her marketing and public relations business from a separate 300-square-foot office in the yard for a total of about 2,200 square feet of conditioned space. A pool in the side yard requires a pump that eats up electricity but her heater runs on natural gas, so her overall usage is typical for Savannah. Her winter bills dip to about 1200 kilowatt hours. Summer zooms to nearly double that amount.
Georgia Power started charging residential customers the nuclear construction cost in 2011 after lawmakers gave the monopoly utility the go-ahead to charge ratepayers for the multi-billion dollar project as it was being built, and before it produces its first kilowatt hour of juice. The amount appears as a line item of the monthly bill under “Nuclear Construction Cost Recovery.”
“It’s a chunk of money,” said Stumpf...
More detail at: http://savannahnow.com/news/2017-04-08/troubled-nuclear-plant-costs-rising-savannah-residents
Vogtle construction now $3 billion over budget, three years behind schedule
... ratepayers are already paying for the two new nuclear reactors, both of which may never produce a watt of electricity. How much have customers already dished out? For southside Savannah customer Cornelia Stumpf, the Vogtle bills already total more than $500.
...
Stumpf’s situation reflects that of many Savannah area residents. She lives in a 1,900-square-foot midcentury modern house in Magnolia Park, running her marketing and public relations business from a separate 300-square-foot office in the yard for a total of about 2,200 square feet of conditioned space. A pool in the side yard requires a pump that eats up electricity but her heater runs on natural gas, so her overall usage is typical for Savannah. Her winter bills dip to about 1200 kilowatt hours. Summer zooms to nearly double that amount.
Georgia Power started charging residential customers the nuclear construction cost in 2011 after lawmakers gave the monopoly utility the go-ahead to charge ratepayers for the multi-billion dollar project as it was being built, and before it produces its first kilowatt hour of juice. The amount appears as a line item of the monthly bill under “Nuclear Construction Cost Recovery.”
“It’s a chunk of money,” said Stumpf...
More detail at: http://savannahnow.com/news/2017-04-08/troubled-nuclear-plant-costs-rising-savannah-residents
