Workers have begun loading radioactive fuel into a new nuclear reactor in Georgia, utilities said Friday, putting the first new American nuclear reactor built in decades on a path to begin generating electricity in coming months.
. Approval was delayed because much of the third reactor's wiring had to be redone after federal regulators found major flaws. Southern Co. also fell behind on inspection documents that had to be completed before the NRC could sign off.state regulators have approved a monthly rate increase of at least $3.78 a month
as soon as the third unit begins generating power. But the elected five-member Public Service Commission will decide later who pays for the remainder of the costs. The utility has other unrelated rate increases awaiting a decision. The fourth unit is supposed to be completed in late 2023. The two new units combined are projected to produce enough power for more than 500,000 homes and businesses.Its costs and delays could deter other utilities from building such plantsGeorgia Power owns 45.7% of the two reactors, while Oglethorpe Power Corp. owns 30% on behalf of 38 power cooperatives. The Municipal Electric Authority of Georgia owns 22.7% on behalf of 49 city-owned utilities, while the city of Dalton’s utility owns 1.6%.
, claiming the company was trying to bilk them out of nearly $700 million by unilaterally changing a contract. Under a 2018 deal, Georgia Power agreed to assume all cost overruns above a certain level. In exchange, the co-owners would sell part of their ownership shares to Georgia Power. Oglethorpe and MEAG say projected overruns have reached that level, but Georgia Power said the threshold is $1.3 billion higher than the level claimed by the co-owners.Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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