Construction costs for Georgia Power’s nuclear Plant Vogtle continue to rise as the project is now more than five years behind schedule and the cost has nearly doubled to almost $26 billion. Due to 2009 legislation allowing Georgia Power to collect project financing costs during construction, customers have already paid more than $2.5 billion – nearly half of which is the Company’s profit.
Current Georgia Legislation: In 2019, Senator Lindsay Tippins (R – Cobb) introduced Senate Bill 112, which aims to prohibit the recovery of certain financing costs of the construction of nuclear generation plants from public schools. The bill is currently in Senate Regulated Industries and Utilities.
In February, Representative Becky Evans (D-Atlanta) introduced House Bill 1031. Similar to SB 112, HB 1031 also seeks to prohibit the collection of financing costs of nuclear generation plants from our public schools. HB 1031 is currently in a House Energy, Utility and Telecommunications subcommittee. We strongly encourage you to contact your Representative and urge their support for this bill.