In a world of soaring energy costs and endless debates over sustainable power solutions, the saga of Georgia's Plant Vogtle has come to a dramatic conclusion. After years of negotiations, the Georgia Public Service Commission has unanimously approved a 6% rate increase to cover the remaining $7.56 billion in costs for two new nuclear reactors.
The cost increase, projected to add $8.95 to the monthly bill of a typical residential customer, brings the total price tag of the Plant Vogtle project to a staggering $35 billion. Yes, you read that right – $35 billion! What was once estimated at $14 billion and expected to be finished by 2017 has spiraled out of control.
