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…
Tag: Georgia PSC
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…
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…
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…
Georgia PSC-Vogtle update: All’s hell that ends hell
The Georgia Public Service Commission is one day away from some kind of deal on Plant Vogtle’s completion. Meanwhile, Congress has put off dealing with nuclear tax credits, which Southern Company desperately needs, until next year. Heavily redacted emails show lobbyists pitching completion of Plant Vogtle as a “national security issue”—although many would argue that nuclear plants make great targets for terrorists. Then there’s this: The PSC staff—not a big fan of Vogtle completion–weighs in with harsh criticism of Georgia Power. EnergyWire reporter Kristi E. Swartzwrites: ATLANTA — The Georgia Public Service Commission staff attacked Georgia Power Co. for its role in what is now two half-built nuclear reactors that are billions of dollars over budget. In a brief filed with the PSC, the staff said Georgia…
Must-read article on passage of SB 31 shows how Georgia got into Vogtle Mess
I am so sick and tired of Georgia Power’s lies and corruption. I was the PSC’s spokesman during the 1980s, and back then, commissioners would oppose legislation like SB 31 that usurped the PSC’s power. For the past decade, with this crowd on the commission cheering it on, Georgia Power has gotten its way. It’s disgusting. Plant Vogtle should be the biggest issue in 2018. That’s why I’m backing John @NoelforPSC. From the AJC: Seventy years ago, two Emory University graduates set out across the state asking a simple yet profound question: Who runs Georgia? The answer, as Calvin Kytle and James A. Mackay later wrote: the railroads and Georgia Power. The utility, in particular, held such sway over legislators that an Atlanta…