Georgia nuke fee ratchets up faster than expected

[bananas]

http://www.ajc.com/business/georgia-power-nuke-fee-606587.html

Georgia Power nuke fee higher on front end
By Margaret Newkirk
The Atlanta Journal-Constitution
Friday, September 3, 2010

The nuclear power expansion fee that will show up on Georgia Power bills in January will be bigger than the utility indicated when lobbying for the levy, according to plans filed Friday.

Georgia Power said the initial fee will add $3.73 to the typical monthly residential bill in 2011 -- more than double the $1.30 figure the company and its supporters used when it convinced the state legislature to allow the fee.

In the Public Service Commission filing, Georgia Power also said the fee will ratchet up to $9 over the following four years, rather than six as it had suggested last year.

<snip>

"It's the old bait and switch," said Angela Speir, executive director of Georgia Watch and a former PSC member. "Georgia Power told legislators it would be one thing, but when ratepayers get their bill, it's something else."

<snip>

"More than double" - $3.73 is almost 3 times higher than $1.30.
And it goes up every year.
And it will get worse with the inevitable cost overruns.
This is why so many states banned CWIP in the 70s and 80s - ratepayers were getting screwed by these nuclear boondoggles.

[jpak]

1. that's cheap - in FL its $9 a month

yup

http://climateprogress.org/2009/05/05/nuclear-power-plant-costs-progress-energy/

[kristopher]

2. No surprise.

[Massacure]

3. Much Ado About Nothing

However, the total amount collected through the fee to help pay for two new reactors will remain unchanged, Georgia Power said. It's the initial amount and pace of the increases that differs from the company's previous indications.

Company spokeswoman Christy Ihrig said the faster time line more accurately reflects when the company believes it will incur costs on its Plant Vogtle reactor project.

It sounds to me like this is ahead of schedule and on budget. :applause:

[kristopher]

5. .

What makes you think you can trust those statements any more than you can trust the original claims that were clearly false?

[kristopher]

4. Kick and recommend