By Editors of Power Engineering
The Georgia Public Service Commission will accelerate its decision on the Vogtle expansion, PSC Chairman Stan Wise announced.
The new decision on whether Georgia Power can charge ratepayers for its work on the two-unit expansion will be made on December 21 rather than February, due to tax code changes that could affect the company, Platts reported.
Wise noted a decision to abandon the project by December 31 would save Georgia Power ratepayers $150 million.
The fate of the expansion, which could cost up to $25 billion, likely hinges on the PSC decision. Last week Toshiba, parent company of bankrupt former Vogtle contractor Westinghouse, agreed to pay the remaining balance on its $3.2 billion payment guarantee by December 15.
Additionally, the tax bill currently before congress would lower corporate federal tax rates from 30 percent to as low as 20 percent.
Georgia Power said the project is expected to be finished in 2022.