The very low interest rates provided in a federal loan guarantee to Georgia’s Plant Vogtle nuclear plant ease the project’s financing and cost pressures. But the nightmares around a shuttered sister plant in South Carolina continue for those caught up in the bankruptcy of the former contractor for both plants, Westinghouse Electric Co., according to federal court records.
By now you have likely heard a lot about solar energy. You may have heard that solar is fast becoming the least expensive, most resilient, and cleanest source of energy for homes and businesses.
But what you may not have heard is that now is the best time to go solar. And that Oct. 31 is the deadline for Atlanta residents to lock in discount pricing and get a free, no-obligation solar and battery storage evaluation.
Just as Georgia Power’s credit was downgraded this month for financial losses related to Plant Vogtle, Moody’s Investors Service has downgraded the rating of bonds issued by the South Carolina Public Service Authority for an aborted nuclear plant in the Palmetto State. But that’s just part of the story.
The Southern Co.’s aggressive sales of assets helped it retain its credit rating, despite financial losses at Georgia Power that relate to Plant Vogtle. Those losses prompted Moody’s Investors Service to downgrade Georgia Power’s credit rating.
A new report on the construction status of the Vogtle nuclear plant, released Wednesday by Moody’s Investors Service, provides greater detail than a May 10 statement released by Georgia Power and cites a number of risks that could further delay the plant’s opening date.
What members of the Public Service Commission do affects your power bill every month and the mix of coal, nuclear and other electricity sources Georgia uses. That’s why environmentalists watch it closely. Now the candidates for the PSC are showing up on primary ballots all over the state — and on Thursday, they faced off in debates.
Two timber companies and Georgia Power were honored Wednesday by Gov. Nathan Deal for their environmental stewardship and land management practices. The Forestry for Wildlife Partnership recognizes the importance of private landowners in preserving the state’s wildlife and landscape.
At Friday morning’s Sustainable Atlanta Roundtable (SART), State Sen. Chuck Hufstetler (R-Rome) strongly criticized the financial plan to pay for the two new nuclear power plants at Plant Vogtle.
Hufstetler, chairman of the Senate Finance Committee, openily criticized Senate Bill 31 that passed in 2009 that approved the financial plan for Plant Vogtle. It was called the Georgia Nuclear Energy Financing Act, which permitted the utility to begin recovering the costs of financing the construction of the new nuclear plants from consumers before they came on line.
By Lyle V. Harris
Georgia Power is likely to get another shot-in-the-arm after announcing plans to complete construction on those ill-fated nuclear reactors at Plant Vogtle near Waynesboro. A far more appropriate response to this epic boondoggle, of course, would be a swift kick in the pants. But don’t count on it.
Atlanta-based Southern Co. has decided to push forward with completion of an over-budget, behind-schedule nuclear expansion at Plant Vogtle rather than give up on what has ballooned into a $25.2 billion project.
Southern affiliate Georgia Power Co. filed a recommendation Thursday with the state Public Service Commission (PSC) to continue construction at the nuclear plant south of Augusta, Ga. The project’s co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities all supported the recommendation, Paul Bowers, chairman, president and CEO of Georgia Power told Atlanta Business Chronicle in an exclusive interview minutes after the announcement.
The Georgia Public Service Commission on Tuesday authorized Georgia Power to build three solar facilities that are to generate a total of 142 megawatts of electricity. The facility planned at Robins Air Force Base is to account for 139 MW of that power.
You probably wouldn’t know it from checking our local media outlets, but Georgia Power, the state’s largest electric utility, is at the center of one of the biggest consumer shakedowns in state history – and there could be more bad news on the way.
Dale Ross is fond of saying that a business decision is at the root of the plan in Georgetown, Texas to switch over to 100 percent solar and wind energy in 2017. Ross says renewable energy is a better deal for residents of the city he serves as mayor.