Workers have begun loading radioactive fuel into a second new nuclear reactor in Georgia.
and the city of Dalton. Some Florida and Alabama utilities have also contracted to buy Vogtle’s power.
Georgia Power’s 2.7 million customers are already paying part of the financing cost, as a well as a monthly rate increase of more than $4 for the third reactor, which takes effect with bills this month. That process will determine how much the company’s customers will pay for Vogtle, as opposed to whether shareholders absorb additional losses. Georgia Power CEO Kim Greene has said the company hasn’t decided how much it will ask customers to pay. Southern Co. has written off $3.26 billion in Vogtle losses since 2018, suggesting it won’t recoup those costs.
Commissioners earlier said they would presume $5.7 billion of Georgia’s Power’s spending as prudent. The company is now projected to spend more than $10.5 billion on construction and $3.5 billion on financing.
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