PSC wants more testimony over Ga. nuke plant - WTVM.com-Columbus, GA News Weather & Sports

PSC wants more testimony over Ga. nuke plant

ATLANTA (AP) - Utility regulators want more testimony before deciding whether Georgia Power should bear more financial risk at it seeks to build a new nuclear power plant.

Public Service Commissioner Stan Wise proposed allowing more time so the utility can testify about the costs of a risk-sharing proposal. That motion was adopted unanimously Tuesday.

The commission has been debating a proposal meant to discourage big overruns in construction costs as the subsidiary of the Atlanta-based Southern Co. tries to build two more nuclear reactors at Plant Vogtle near Waynesboro.

The proposal would trim the utility's earnings if project construction costs run over budget. The utility could also earn more money off its new reactors if the project comes in under budget. The company has called that plan illegal and unfair.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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