WAYNESBORO, Ga. — U.S. Energy Secretary Jennifer Granholm on Friday called for more nuclear reactors to be built in the United States and worldwide. But the CEO of the Georgia utility that just finished the first two scratch-built American reactors in a generation at a cost of nearly $35 billion says his company isn't ready to pick up that baton.
The federal government says it is easing the risks of nuclear construction, but the $11 billion in cost overruns at Plant Vogtle near Augusta remain sobering for other utilities. Chris Womack is the CEO of Southern Co., the Atlanta-based parent company of Georgia Power. He said he supports Granholm's call for more nuclear-power generation, but he added that his company won't build more soon.
The new Vogtle reactors are currently projected to cost Georgia Power and three other owners $31 billion, according to calculations by The Associated Press. Add in $3.7 billion thatElectric customers in Georgia already have paid billions for what may be the most expensive power plant ever. The federal government aided Vogtle by
Granholm said that she believed others could learn from Vogtle's mistakes, like starting construction before plans were completed. She also predicted additional models of the Vogtle reactors, which were the first of their kind built in the United States, could be built at lower cost. In Georgia, almost every electric customer will pay for Vogtle. Georgia Power owns 45.7% of the reactors. Smaller shares are owned byon Georgia Power’s 2.7 million customers to pay for $7.56 billion in remaining costs at Vogtle, with the company absorbing $2.6 billion in costs. That is expected to cost the typical residential customer an additional $8.97 a month in May, on top of the $5.42 increase that took effect when Unit 3 began operating.Donald Trump Jr.
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