Sara Barczak with the Southern Alliance for Clean Energy told us last month the project is more than three years behind schedule and now approaching a 45 month delay. She says the PSC staff agreement with Georgia Power means customers who have been paying millions of dollars in interest (on finance charges for the construction loan) will continue to pay. “Customers have been paying these charges for six years now. And it seems you will be paying more over a longer period of time and that doesn’t sound like a win-win for customers in our opinion,” said Barczak. SACE said in a recent statement that the proposed agreement seems to be a case a case of regulatory amnesia.
A Georgia Power spokesman Jacob Hawkins told us “the settlement agreement under consideration fairly balances the company’s contribution with customer benefits and delivers approximately $325 million dollars in savings to customers during the construction period while keeping the project’s overall rate impact to customers at 6 to 8 percent.”
For additional information filed by Georgia Power along with other material being considered by the PSC click http://www.psc.state.ga.us/factsv2/Docket.aspx?docketNumber=29849