We can't trust the Georgia Public Service Commission to protect customers...us...from paying for the BILLIONS in mistakes costs and work re-doos at nuclear reactor Vogtle 3&4...and PAYING A PROFIT TO THE OWNERS ON THEIR MISTAKES !
Let's face it,
no company should profit
on their mistakes, do-overs,
and cost overruns...
not even Georgia Power.
"We need a NoPig law... Now"
No Overrun Profits In Georgia
The Vogtle reactor project is $15,000,000,000 over original proposal.
The owners report running up about $100,000,000 in construction and mistake-fixing-re-do-work costs every month.
The reactor owners will try to shove their shocking mistaken cost increases onto customers...us. They made the very costly mistakes, and now they want somebody else to pay for them.
And....They want to make profits on their mistakes!
Without "NoPig" utility law reform the PSC is putting the huge overrun costs on us and will let the owners profit on their costly mistakes.
We cannot trust the PSC to protect us. So far they have not protected Georgians from the Vogtle Vortex. They cannot be trusted, so, a "NoPig" law is needed.
Georgia electric power company owners shouldn't be allowed to cash in and profit on their costly botches, lost documents, expensive re-dos on wrong construction at their reactor Vogtle.
Also, the company owners shouldn't be allowed to push their cost overruns onto customers.
The way to protect Georgians is for the Georgia Legislature to update and amend utility law so that:
1. NO PROFIT IS ALLOWED on Vogtle 3&4 cost overruns past the original 14 billion dollars cost as proposed to the 2009 legislature.
2. The Georgia Public Service Commission is directed to allow into the profit-making rate base a maximum of 14 billion dollars in Vogtle construction costs as were proposed to the 2009 legislature.
3. The Georgia Public Service Commission is directed to establish accounting for a special profit-free base of 10% of the original 14 billion dollars or 1.4 billion dollars so that Vogtle owners may recover, without profit, reasonable cost overages of 10% that often occur in construction projects. The Commission will arrange tariffs so that this amount without interest, but with inflation rate added, is recovered in electric tarrifs without profit by reactor owners over a fifteen year period.
4. Electric customer monthly bills will clearly identify the cost recovery described in 3 above.
Note and remember: Georgians have already paid 4 billions with nothing in return to help the owners finance building the costly plants.
construction blunders, bad quality, inadequate work inspections, lost
safety records, and inadequate management oversight caused the cost
increases over the original 14 billion.
Owners should pay for their mistakes and absolutely not make profits on their mistakes.
Lobbyists for the owners are working to keep the law as it is, so the owners will push increased costs onto us and then (incredibly) profit on their mistakes.
N O P I G
No Overrun Profits In Georgia
Elderly, schools, food banks, mom & pop
restaurants, churches, tire stores, car repair shops, households, gas stations,
doctors offices, print shops, renters, dentists, synagogues, beauty parlors, dry cleaners,
shoe stores, insurance offices, meals-on-wheels, homeless shelters, colleges and
universities, Salvation Army stores, banks, bicycle shops, credit unions, coffee
shops, drug stores, police stations, nursing
homes, car washes, sheet metal shops, music stores, pet stores, fast-food restaurants, veterinarian offices,
loan offices, county governments, machine shops, caterers, welding shops, small manufacturing businesses, hospitals, recycling
centers, animal shelters, hardware stores, grocery stores, YMCA & YWCA,
nail shops, bookstores, healthfood stores, consignment stores, rehab centers,
phone stores, barbershops, grocery stores, warehouses, urgent care
centers, franchise businesses, clothing stores...
No Overrun Profit In Georgia
Now, History Information
Over $3.6 billion taken from Georgians, $850.00 per household !
In 2009, Georgia Power Company got their special interest benefit law passed that allowed them to so far collect nearly 1,000 dollars from the typical customer household, without compensation to finance Georgia Power's new nuclear Plant Vogtle. Proposing that the plant would cost 14 billion dollars and be complete in 2017. (Was this a low-ball bait-and-switch to get the law passed?)
NoPig calls for citizen-customer special interest benefit laws that will ACTUALLY PROTECT Georgia's captive electric customers.
Law to claw back all profits on all CWIP surcharges
Law to Change name of PSC to Georgia Public Utilities Commission
Law to Require the PUC to include at least 25 citizen customers testimony at all rate cases, a minimum of 3 minutes each, and require that remote video testimony be included so distant citizens can have a fair opportunity to be heard.
References, a few of many
Three new studies show a shocking management mess and financial fiasco:
One new report says the company has MISLED the Georgia Public Service Commission:
January 20: Stating that Georgia Power has misled the Public Service Commission and the PSC Staff, The Institute for Energy Economics and Financial Analysis has the most recent damning analysis.
December 31: An Eye-Opening must-read report on possibly misleading cost and time estimates at the Georgia Public Service Commission. Atlanta Journal Constitution
December 18: A Stunning Comprehensive Report, Ratepayer Robbery, by the Georgia Conservation Voters Education Fund on the many serious problems, malfeasance, missteps, corporate greed, and incompetence in the Vogtle situation.
Dec 16 at the Public Service Commission:
Many issues with wiring in the main control room.
Scaffolding is everywhere, it is hard to get around to do work.
There are 25,000 inspection reports to complete.
600 cables have been incorrectly installed and need re-do.
In the News: More Vogtle Wire Woes Could Add to Delay .
AP News Headline Dec 4
Vogtle monitors see more delays, extra $1B for nuclear plant
SUMMARY: ATLANTA (AP) — ... Testimony filed Wednesday with the Georgia Public Service Commission by engineer Don Grace and others predict that the third reactor at Plant Vogtle near Augusta won’t meet the most recent range of July 2022 to September 2022 set by Georgia Power Co. ... problems are “largely attributable” to electrical wiring problems ... “We have testified in many prior (proceedings) that the schedules provided by the company are not achievable.”... Grace said company estimates have “repeatedly been demonstrated to be unrealistic and unreliable.” ... the company will need longer than the four months that it projects to load nuclear fuel and complete testing, ... the company is submitting many fewer notices to the Nuclear Regulatory Commission than planned showing work has been completed and tested. ... Grace also warned that construction performance on Vogtle’s fourth nuclear reactor is not improving, ... Georgia Power said for years that Unit 3 would be in commercial operation by November 2021, but has pushed back that deadline three times since May.
More Vogtle Wire Woes Could Add to Delay:
At the November 15 PSC hearing, the company said there were approximately 600 "electrical" problems to be fixed.
Most of the problems were spacing issues that shouldn't have happened if the work crews had an engineering and quality control supervisor.
WSB News December, 2021
Clark Howard summary about the surcharge. From October 2018. This is an excellent overview:
Pam Wright's article: Sinking Into the Vogtle Vortex. Written several years ago, has history summary and information on surcharge impact on average customers:
Early news article about surcharge taking homeowner's money:
In 2017, School officials reported surcharge taking from schools. Years later, school tax money is still being misused to finance a new nuclear reactor:
Nuclear Watch South. Extensive background and data on Plant Vogtle.
What ratepayers should know about the Plant Vogtle expansion. January 6. Georgia Public Broadcasting. http://www.gpb.org/news/2022/01/06/what-ratepayers-should-know-about-the-plant-vogtle-expansion
Nuclear Train Wreck. Big Vogtle plant part from Korea slides into the mud, nearly slides into the swamp. 2013 item. https://www.connectsavannah.com/savannah/nuclearptrainpwreck/content?
this area still under construction, as is Vogtle Vortex, but we aren't six years late...
Nuclear Reactor Vogtle,
"one of the most expensive
in the world, privately owned, ...so far all paid for by the public"
Call or e-mail your Representative and Senator at the Georgia Legislature. Let them know you WANT THE COMPANY OWNERS TO PAY FOR THEIR MISTAKES, NOT YOU, AND NO PROFIT ON COST OVERRUNS !
NoPig.org April 05