New Projects, Reactors

Plant Vogtle nuclear budget decision delayed

Georgia regulators voted to delay a decision on whether Georgia Power could increase its budget for the two new nuclear reactors at Plant Vogtle until the first reactor is completed, according to Bloomberg.

The decision will be put off until the reactor’s scheduled completion date of January 2018, the article said. Georgia Power requested a construction budget increase by $737 million to $6.85 billion. The state approved a budget of $6.1 billion, and the utility could pass on the overruns to customers. However, if the Public Service Commission had voted to increase the budget, then the utility would be allowed to charge customers for the extra costs unless regulators could prove the spending was reckless or the result of fraud, the article said.

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