Speaking at the opening plenary session American Nuclear Societyâs 2013 Annual Meeting, President and CEO of Southern Nuclear Steve Kuczynksi announced that the increase in electricity rates on customers once Vogtleâs two new reactors come online is expected to be limited to between six and eight percent. The revised projection is significantly lower than the increase of up to 12 percent first envisioned when the project began, Kuczynski said.
Kuczynksi attributed the change to more favorable financing arrangements made available to the company as a result of the economic downturn. âWeâre in a very good position economically,â he said.
Kuczynksi said the new numbers reflect the reality that people shouldnât get bogged down in short term thinking when analyzing the costs and benefits of nuclear construction. The new expected rate increase associated with Vogtle indicates, he said, that âeven this year-long delay has a negligible impact.â
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