Expert testimony ultimately week’s listening to on the mixed 20th/21st semi-annual Vogtle Construction Monitoring (VCM) continuing earlier than the Georgia Public Service Commission (PSC) pointed to (but once more) extra bother dealing with Southern Company’s 68+ month delayed, finances-busting nuclear enlargement at Plant Vogtle close to Waynesboro, Georgia.
Guest Blog | December 30, 2019
Expert testimony ultimately week’s listening to on the mixed 20th/21st semi-annual Vogtle Construction Monitoring (VCM) continuing earlier than the Georgia Public Service Commission (PSC) pointed to (but once more) extra bother dealing with Southern Company’s 68+ month delayed, finances-busting nuclear enlargement at Plant Vogtle close to Waynesboro, Georgia. Despite being ten years into building, the PSC knowledgeable witnesses and consultants made it clear that it is going to be extraordinarily difficult for the 2 Toshiba-Westinghouse AP1000 nuclear reactors to be accomplished by November 2021 (for Unit 3) and November 2022 (for Unit 4). The financial information isn’t bettering both, because the project’s price, which has already doubled: from ~$14 billion to over $28 billion, might improve even additional, even when these dates are met.
In the 2020/21 VCM, Georgia Power is asking for verification and approval of $1.248 billion in expenditures – and that’s simply for Georgia Power’s 45.7% share of the prices incurred throughout the reporting interval from July 2018 to June 2019. At the listening to, public commenters spoke out in opposition to the project – voicing considerations over the ever-rising finances and continued delays – and implored the PSC Commissioners to guard Georgia Power prospects.
Given the Commission’s unlucky 4-1 vote on December 17 to approve Georgia Power’s 2019 unfair rate hike request, residential prospects ought to be extraordinarily fearful in regards to the Commission’s dealing with of the Plant Vogtle enlargement debacle. Watch the December 10, 2019 listening to right here: Part 1 & Part 2.
Some Key Takeaways:
- The project (once more) isn’t assembly the productiveness objectives, and seems to be falling additional not on time – knowledgeable Don Grace estimated a further 3.5 month delay and a doable $1+ billion price improve (pp. 38-39, Table 10, Grace testimony).
- Peak base charge impression for a typical residential buyer shall be greater than double what Georgia Power advised the Commission throughout the Vogtle Certification docket in 2009 (p. 22, Newsome/Hayet testimony).
- Ten years into building, the estimate of the Project’s completion is “simply an educated guess” (p. 19, Jacobs/Roetger testimony).
- Vogtle’s present November 2021/2022 delay is costing prospects a further $1.1 billion over what was initially estimated within the Nuclear Construction Cost Recovery Rider (NCCR), which is cash collected prematurely from Georgia Power prospects for financing prices resulting from state laws handed in 2009) (p. 6, Newsome/Hayet testimony)
Let’s additionally not overlook that the PSC consultants have predicted each schedule delay and price improve, nicely earlier than Georgia Power has admitted to the issues.
Georgia Power prospects involved about their electrical invoice ought to let the Commissioners know that not solely are they extraordinarily dissatisfied with the 4-1 approval of the unfair rate hike, however are additionally very involved about what occurs when the opposite shoe drops – when Plant Vogtle’s ultimate finances-busting price ticket will get rolled into buyer’s electrical energy charges.
This weblog put up was written by Sara Barczak, SACE marketing consultant, and former Regional Advocacy Director.