STATE LEGISLATURE
September 19, 2018
Board of Directors
Georgia Power Company
241 Ralph McGill Blvd
Atlanta, GA 30308
Board of Directors
Oglethorpe Power Company
2100 E Exchange Pl
Tucker, GA 30084
Board of Directors
Municipal Electric Authority of Georgia
l-l 7ll Rivcrcdgc Parkway NW
Atlanta, GA 30328
Dear Utility Leaders,
We are writing to express our concern about the ever-escalating cost of Plant Vogtle and the unfair impact of these cost increases on our constituents, who are customers ofparticipating electric membership cooperatives (EMCs) and city utilities that are partners through the Municipal Electric Authority of Georgia (MEAG).
After Westinghouse went bankrupt last year, Southern Nuclear• an unregulated subsidiary of Southern Company• took over the construction of Plant Vogtle and declared a new day: no more delays and cost overruns. Now, only eight months after what was understood to be the last, highest budget was approved by the Georgia Public Service Commission, Southern Company announced $2.3 billion in additional cost overruns in August.
As part of this announcement, Southern Company pledged that its shareholders would absorb Georgia Power’s share of the increase. This puts a disproportionate cost burden on EMC and city utility customers – our local utilities don’t have the luxury of shareholders to absorb these additional costs and will have to increase rates even higher. This approach is unfair and anti-competitive,
Please ensure prior to voting in support of moving forward as required by the amended Co-Owners Agreement, that a cost cap is established that protects all Georgia electric ratepayers from this and future overruns.
Sincerely,
Members of the Georgia General Assembly
Rep. Jay Powell Chairman, Ways & Means
Rep. Terry England Chairman, Appropriations
Rep. Mark Newton
Rep. Dominic LaRiccia
Rep. John Corbett Vice Chairman, Natural Resources
Rep. Matt Hatchett Majority Caucus Chairman
Rep. Penny Houston Chairperson, Appropriations/Economic Development
Rep. Terry Rogers Governor’s Floor Leader
Rep. Jan Jones Speaker Pro-Tempore
Rep. Rick Jasperse Chairman, Higher Education
Rep. Bill Werkheiser Chairman, Industry & Labor
Rep. Jason Shaw Chairman, Appropriations/Transportation
Rep. Darlene Taylor Chairperson, Information & Audits
Rep. Clay Pirkle
Rep. Mack Jackson
Rep. Robert Dickey Chairman, Appropriations/Education
Rep. Sharon Cooper Chairperson, Health & Human Services
Sen. John Albers Chief Deputy Whip
Sen. Chuck Hufstetler Chairman, Finance
Sen. Butch Miller President Pro Tempore