Georgia Power says it will cut nuclear tariff in 2018

[private]Georgia Power says it will reduce the Nuclear Construction Cost Recovery (NCCR) tariff that its customers pay for the Plant Vogtle project by $139 million in 2018.

The nuclear fee is included on customers’ monthly bills to pay in advance the financing costs of building the two nuclear reactors, which are running severely over budget.

Georgia Power said that starting in April, the typical residential customer using 1,000 kilowatt-hours per month will pay $2.70 less per month in financing costs for the Vogtle project.

The reductions were made possible by recent changes in federal tax law, along with the recent $1.7 billion payment from Toshiba to make amends for the bankruptcy of Westinghouse Corp., the primary contractor on the Vogtle project, Georgia Power said.

© 2018 by The Georgia Report


Tags: Georgia Power , Plant Vogtle