Southern company, Georgia Power’s parent company, said it would absorb the utility’s share of the increased costs, while the rest of the co-owners would shoulder their portion of the increase.
“This puts a disproportionate cost burden on EMC and city utility customers,” the letter said. “Our local utilities don’t have the luxury of shareholders to absorb these additional costs and will have to increase rates even higher. This approach is unfair and anti-competitive.”
The co-owners decide on the fate of Vogtle expansion on Sept. 24.
Georgia Power hopes the co-owners will vote to keep the project going.
“A year ago, Georgia Power and all of the Vogtle co-owners entered a new contract to move forward with the project and everyone acknowledged and accepted all possible risks,” said a Georgia Power spokesperson via email.