Georgia Power defends nuclear fee plan

http://www.ajc.com/services/content/business/stories/2009/01/28/nukerebut0128.html

Georgia Power fired back at critics this week, saying dire warnings about the cost of its proposal to collect fees up-front for nuclear power expansion were mistaken.

In testimony filed with the state Public Service Commission late Monday, the utility said critics including the PSC’s public advocacy staff had mixed accounting apples and oranges to come up with their estimates. Those critics will have an opportunity to cross-examine the company in two weeks.

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Under that plan, the PSC could roll back Georgia Power’s allowed return on its $6.4 billion nuclear investment if the construction project ran too far over budget.

Georgia Power said no dice.

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