Senate panel OK's Ga. Power hike

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ATLANTA - A Georgia Senate panel approved legislation that will hike electric bills for customers of Georgia Power by allowing the utility to begin collecting interest costs on the construction of two new nuclear reactors before they're completed.

The Senate Regulated Industries and Utilities Committee passed the bill 8-2 on Wednesday. It now goes to the full Senate.

Georgia Power officials argue that recouping the interest costs means ratepayers will pay less in the long run. They estimate it will shave $300 million off the $16 billion expansion.

The company wants to expand its nuclear facility at Plant Vogtle near Augusta years before the construction is completed.

Georgia Power customers would see their bills rise by an average of $1.30 a month beginning in 2011 under the bill.

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TrukinRanger
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TrukinRanger 02/04/09 - 07:58 pm
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Was there any question on
Unpublished

Was there any question on whether or not they'd get the hike?? HA!

Tujeez1
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Tujeez1 02/05/09 - 01:13 am
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I'm Thinking Of Becoming a

I'm Thinking Of Becoming a Water,Toilet Paper and Oxygen Tycoon. I wonder if the U.S. Senate will let me charge ALL of the Citizens of America $1 apiece per Month Until I Get Enough Money to buy all of the necessary infrastructure and set up a supply chain. Hey, it's only $3 a head until then. I plan on charging Illegal Immigrants $6 a head, so they ought to think 1/2 price for legals is fair!

Tujeez1
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Tujeez1 02/05/09 - 01:16 am
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The U.S. Government has this

The U.S. Government has this TAX thing ALL WRONG. They ought to charge $0.02(two cents) a roll on Toilet Paper. That'll Pay off the National Debt in Two Years!

Paxus
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Paxus 02/05/09 - 08:41 am
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Your going to save $300

Your going to save $300 million on a $16 billion reactor project? What a joke - the average reactor inthe US was over 350% over budget. These proposed reactors have never been built. your getting robbed.

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