PSC Candidate John Noel to Georgia Power: Give tax savings to consumers

As a result of the federal government’s recent corporate tax cuts effective this year, utilities will save millions of dollars on their tax bills. Many electric utilities are announcing plans to pass on recently-enacted federal tax cuts to their customers. The New York Times reports: In recent days, electric companies in Massachusetts, Illinois, Oregon and other states have announced plans to pass their tax cuts on to customers through lower rates. On Tuesday, Pepco, which provides power to nearly 300,000 customers in Washington, D.C., said it would cut rates beginning in the current quarter. But with Georgia Power and its parent, Southern Company, scrambling to find cash to complete the $25-billion-and-counting Plant Vogtle boondoggle near Augusta, you gotta wonder if they have other ideas…

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Stacey Evans, Stacey Abrams statements on Georgia PSC Plant Vogtle decision

From the Twitterverse What Vogtle decision? The one today that told Georgia Power to keep building, with no cost cap. It’s at $25 billion and counting, and several years behind schedule, but Get ‘er done! Article here. Stacey Abrams tweeted her statement out today. Greg Bluestein tweeted Stacy Abrams’ statement. Both presented with minimal editing. For Georgia Public Service Commission candidate John Noel‘s statement, click here. Previously, the two Democratic gubernatorial candidates had seemed to diverge. In today’s statements, Evans stays true to form and Abrams shifts left, perhaps realizing her previous response left something to be desired. She’s still all about those workers.   Stacey Evans In my law career, I’ve forced companies that fleeced the taxpayer to pay up, and…

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John Noel: “Christmas comes early for Georgia Power”

Go to John Noel’s tweet to reply or RT. Democratic Georgia PSC candidate John Noel, who’s challenging commissioner Chuck Eaton in in 2018, issued a statement criticizing the decision. noting “Christmas comes early for Georgia Power”: “Georgia Power got what it wanted. This decision to approve continued construction on Plant Vogtle Units 3 and 4 means even more money will be poured down this bottomless rat hole. The main concern of the PSC and Georgia Power now is how best to put a positive spin on the costly boondoggle. But the people of Georgia are fed up with the long stream of rationalizations and broken promises about Vogtle. It’s time we had Commissioners with the fortitude to place blame where it belongs…

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Democratic candidate speaks out on Georiga PSC’s Okey-doke for Plant Vogtle

Go to John Noel’s tweet to reply or RT. Democratic Georgia PSC candidate John Noel, who’s challenging commissioner Chuck Eaton in in 2018, issued a statement criticizing the decision. noting “Christmas comes early for Georgia Power”: “Georgia Power got what it wanted. This decision to approve continued construction on Plant Vogtle Units 3 and 4 means even more money will be poured down this bottomless rat hole. The main concern of the PSC and Georgia Power now is how best to put a positive spin on the costly boondoggle. But the people of Georgia are fed up with the long stream of rationalizations and broken promises about Vogtle. It’s time we had Commissioners with the fortitude to place blame where it belongs…

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Georgia Public Service Commission gives go-ahead to Georgia Power’s Plant Vogtle

By Jonathan Grant @Brambleman I’ll have more in the hours and days to come, but here’s the gist of today’s Georgia Public Service Commission 5-0 decision to approve continued construction on Plant Vogtle Units 3 and 4, with conditions. Watch the one-hour meeting on PSC’s livestream feed. Download a pdf of Tim Echols Motion in Docket 29849  Key rulings: Motion made by Tim Echols, as expected; no cost caps and a lowered return on equity on the Units from 10 percent to 8.3 percent. Original motion called for an 8.7 ROE. Commissioner Lauren McDonald introduced a motion to lower the ROE  further, but his motion died for lack of a second. Georgia Power will pass through bankrupt contractor Toshiba’s settlement payment to ratepayers in…

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