Construction on the new twin nuclear reactors at Plant Vogtle near Augusta is moving forward, but a foundation issue remains a problem.
Consumer watchdogs, who are already concerned about a separate batch of cost overruns and schedule delays, say the foundation issue could be trouble for Georgia Power ratepayers, who are currently paying the project’s financing costs upfront.
“We’ve got some problems. We’ve got some cost increases, we’ve got some scheduling slippage. That’s what happens with these reactor projects. That’s what historically has happened,” said Sara Barczak, who is monitoring the $14 billion dollar project for the Southern Alliance for Clean Energy. “Unfortunately in Georgia consumers are the ones who are shouldering the burden versus the utility shareholders.”
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