VOGTLE NUCLEAR EXPANSION TOTAL COST IS 65 BILLION DOLLARS, FORMER COMMISSIONER SAYS
(APN) ATLANTA Plant Vogtles proposed nuclear expansion with new units 3 and 4 will cost an estimated 65 billion dollars, former Georgia Public Service (PSC) Commissioner Bobbie Baker says, based on his analysis of information he received when cross-examining the PSC staff witness at the June 23, 2015 PSC hearing.
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Baker wrote that the current total revenue requirement for the Project is approximately 65 billion dollars.
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The total revenue number will increase as the two million dollar a day delays continue to add up. Unless the PSC or Legislature changes course, Georgia Powers share of the 65 billion cost will come out of the ratepayers, not stockholders, pockets.
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Hayet testified that the 39 month delay in construction would add 319 dollars or $6.26 per month to the average (1,000 kilowatts hours per month) residential ratepayer bill. The increase will be greater for business owners and customers who use more electricity....
http://atlantaprogressivenews.com/2015/08/01/vogtle-nuclear-expansion-total-cost-is-65-billion-dollars-former-commissioner-says/