Georgia Power proposes rate hikes to recover nuclear plant costs

[admin]

Georgia Power said on Wednesday it has filed an application with the state's utility regulator to increase electricity rates, aiming to recover costs related to its nuclear power plant units. The power company said the application provides the necessary support to justify the recovery of $8.83 billion in total construction and capital costs, $1.07 billion in associated retail rate base items and operating costs related to the full operation and output of Vogtle nuclear plant's unit 3 and 4. Southern Co, via its electric subsidiary Georgia Power, is expected to bring Vogtle plant's unit 4 online at the end of 2023 or beginning of 2024.