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AJC.com > Legislature > Blog > Archives > 2009 > January > 16 > Entry
DEL.ICIO.USBill to give new fees to Georgia Power introduced
The Atlanta Journal-Constitution
Sen. Don Balfour (R-Snellville) introduced a bill today that would let Georgia Power charge customers early for the interest costs of building two nuclear reactors near Augusta.
Senate Bill 31, called the “Georgia Nuclear Energy Financing Act,” would pave the way for customers to pay the interest costs of building this and any other nuclear reactor or plant in the state.
The bill would allow Georgia Power to re-calculate the amount it would charge customers on their monthly bills based on any changes to the cost of building the plant.
Balfour said the proposed fee would add about $1.30 to a typical homeowner’s monthly bill. The fee would ratchet up to $9.10 per month by 2017. If Georgia Power didn’t charge early, bills would jump by $11.70 by 2017, the company says.
“Your rate’s going to go through the roof when the plant comes on line, ” Balfour said.
Opponents say the early charge will actually cost customers more in real terms.
By the time the reactors are built, customers will have already paid $1.6 billion for them. Because of that, they won’t come out ahead until 2027, 16 years after they begin paying.
Normally, regulated utilities such as Georgia Power charge for new plants only after the plants are running.
Permalink | Comments (3) | Post your comment | Categories: Legislature
Comments
By HELP!!!
January 16, 2009 2:28 PM | Link to this
Republicans are bankrupting the average Georgian.
Massive tax breaks to business, cancellation of the property tax supplement, school vouchers, giveaways to Georgia Power and the insurance companies. Meanwhile we’re all stuck in traffic and our water is drying up.
Its time to clean house again. Please just stop.
By Peter Cook
January 16, 2009 3:59 PM | Link to this
Okay now I am fed up. Why do our elected official keep giving tax payers the shaft. Anyone who votes to support Karen Handel, Casey Cagel, for Governor or Kasim Reed for Mayor is an idiot. The Frankin administration was a disaster. These are the same people that sell out taxpayers for campaign donations.
Remember what happen to Bill Richardson our almost Secretary of Commerce
Chickens always come home to Roast.
Disgusted Republican
By DB Sux
January 21, 2009 2:01 PM | Link to this
Don Balfour, GA Power w*******