ATLANTA (AP) - Backers of a bill that would boost electric bills
for Georgia Power customers say it will actually save consumers
money over the long haul.
The legislation would allow Georgia Power to begin collecting interest early for the construction of two new nuclear reactors at Plant Vogtle near Augusta years before the construction is completed. It would add an average of $1.30 a month onto customer's bills beginning in 2011.
The bill's sponsor, Sen. Don Balfour, told a Senate panel "one way or another" consumers will foot the bill. He says paying the interest now will mean they will pay some $300 million less on the $14 billion project.
Consumer groups are expected to speak up against the bill.
(Copyright 2009 by The Associated Press. All Rights Reserved.)