Thursday 7:58pm
April 24, 2014
Currently 75°F
Posted: Monday, September 16th 2013 at 1:21pm

Ga. lawmaker pushes for cost cap on nuclear plant

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
ATLANTA (AP) A Georgia lawmaker says he wants a cap on how much Southern Co. can charge its customers to build a new nuclear plant.

Republican Rep. Jeff Chapman said Monday that he will submit legislation that would limit how much Southern Co. subsidiary Georgia Power can charge its customers to build two nuclear reactors at Plant Vogtle (VOH'-gohl).

Chapman said he will model the rules after an agreement that Southern Co. subsidiary Mississippi Power reached with regulators in that state. In Mississippi, Southern Co. has absorbed nearly $1 billion in pre-tax losses from building a coal gasification plant

Georgia Power is running about $737 million over its $6.1 billion budget to build the nuclear plant in Georgia.

Chapman found little support in the Legislature for a related bill this year.
Associated Categories: Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.045320
icon
75°F
Gainesville, GA 30501
Clear
Wind: ESE 8 mph
Dew point: 43°F