INSIDER
JEA says potential rate increase ‘predominantly attributed’ to billion dollar Plant Vogtle venture
Read full article: JEA says potential rate increase ‘predominantly attributed’ to billion dollar Plant Vogtle ventureJEA is eyeing a potential rate increase that could affect thousands of households in Northeast Florida.
JEA is proposing a rate increase for electricity, water and sewer. Here’s how much
Read full article: JEA is proposing a rate increase for electricity, water and sewer. Here’s how muchThe JEA Board of Directors will hold a workshop Tuesday morning to discuss a proposed increase to electric, water and wastewater rates in fiscal years 2025 and 2026.
Second new Georgia reactor begins splitting atoms in key step to making electricity
Read full article: Second new Georgia reactor begins splitting atoms in key step to making electricityA nuclear power plant in Georgia has begun splitting atoms in the second of its two new reactors, in a key step toward providing carbon-free electricity.
Vibrations in cooling system mean new Georgia nuclear reactor will again be delayed
Read full article: Vibrations in cooling system mean new Georgia nuclear reactor will again be delayedGeorgia Power Co. says vibrations found in a cooling system of its second new nuclear reactor will delay when the unit begins generating power.
Regulators begin hearings on how much customers should pay for Georgia nuclear reactors
Read full article: Regulators begin hearings on how much customers should pay for Georgia nuclear reactorsGeorgia Power Co. is urging the state’s utility regulators to approve a deal to pay for the company’s new nuclear reactors.
Georgia’s largest utility looks to natural gas as it says it needs to generate more electricity soon
Read full article: Georgia’s largest utility looks to natural gas as it says it needs to generate more electricity soonGeorgia Power Co. says increased demand for electricity is coming fast, asking regulators on Friday to let it secure more power generation ahead of schedule.
Georgia Power will pay $413 million to settle lawsuit over nuclear reactor cost overruns
Read full article: Georgia Power will pay $413 million to settle lawsuit over nuclear reactor cost overrunsGeorgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners.
Georgia Power customers could see monthly bills rise $9 to pay for the Vogtle nuclear plant
Read full article: Georgia Power customers could see monthly bills rise $9 to pay for the Vogtle nuclear plantResidential customers of Georgia’s largest electrical utility could see their bills rise by $9 a month to pay for a new nuclear power plant.
Plant Vogtle, 1st US nuclear reactor built from scratch in decades, enters commercial operation in Georgia
Read full article: Plant Vogtle, 1st US nuclear reactor built from scratch in decades, enters commercial operation in GeorgiaA new reactor at a nuclear power plant in Georgia has entered commercial operation.
Timeline: How Georgia and South Carolina nuclear reactors ran so far off course
Read full article: Timeline: How Georgia and South Carolina nuclear reactors ran so far off courseThe first of two nuclear reactors in Georgia is generating electricity and could be days away from achieving full-power operation.
Correction: Nuclear Plant-Georgia story
Read full article: Correction: Nuclear Plant-Georgia storyIn a Sept. 30 story about a lawsuit over cost overruns at the Vogtle nuclear power plant in Georgia, The Associated Press erroneously reported an ownership percentage and the dates that a reactor is expected to start generating electricity and when payments would be made after a lawsuit was settled.
Georgia nuclear plant gets OK to load fuel at new reactor
Read full article: Georgia nuclear plant gets OK to load fuel at new reactorA nuclear power plant being built in Georgia can begin loading radioactive fuel into one of its two new reactors, federal regulators said Wednesday, a key step toward generating electricity at the first new nuclear reactor built in decades in the United States.
Co-owners sue Georgia Power in $695M Vogtle contract dispute
Read full article: Co-owners sue Georgia Power in $695M Vogtle contract disputeThe owners of a majority share of a nuclear power plant being expanded in Georgia are suing lead owner Georgia Power Co. They claim Georgia Power is trying to bilk them out of nearly $700 million by unilaterally changing a contract.
Co-owners sue Georgia Power in $695M Vogtle contract dispute
Read full article: Co-owners sue Georgia Power in $695M Vogtle contract disputeThe owners of a majority share of a nuclear power plant being expanded in Georgia are suing lead owner Georgia Power Co. They claim Georgia Power is trying to bilk them out of nearly $700 million by unilaterally changing a contract.
$30B Georgia Power nuclear plant delayed up to 6 more months
Read full article: $30B Georgia Power nuclear plant delayed up to 6 more monthsGeorgia Power Co. now says that the first of two nuclear reactors it’s building at Plant Vogtle near Augusta might not begin generating electricity until as late as March 2023.
Agency ups scrutiny of Georgia nuclear plant, citing issues
Read full article: Agency ups scrutiny of Georgia nuclear plant, citing issuesNuclear regulators say they’ll give greater scrutiny to construction of two new nuclear reactors being built in Georgia after an inspection found electrical cables were not properly separated.
As Vogtle tab mounts, regulators delay approval of spending
Read full article: As Vogtle tab mounts, regulators delay approval of spendingShareholders of Georgia Power Co. may be at more risk of shouldering the utility’s share of cost overruns for the two new nuclear reactors being built at Plant Vogtle.
Georgia Power seeks $235M boost to pay for nuclear plant
Read full article: Georgia Power seeks $235M boost to pay for nuclear plantGeorgia Power Co. is asking regulators to let it raise annual rates on customers by $235 million a year as the utility seeks to pay for its share of a huge nuclear project.
Georgia monitors predict more Vogtle nuclear delays
Read full article: Georgia monitors predict more Vogtle nuclear delaysAlready years behind schedule, Georgia Power Co.’s nuclear expansion of Plant Vogtle is even further behind than the company recently acknowledged, independent state monitors and state regulators said.
Nuclear costs loom over races for Georgia PSC races
Read full article: Nuclear costs loom over races for Georgia PSC racesATLANTA – The shadow of two nuclear reactors that Georgia Power Co. is building near Waynesboro hangs over two statewide elections for the Georgia Public Service Commission. Electric customers statewide and even in Jacksonville will help pay for Plant Vogtle, as Georgia Power has contracts to provide power from the plant around the Southeast. In District 1, Republican Jason Shaw is seeking a full six-year term after the former state lawmaker was appointed by Gov. Wilson said it’s unfair for Georgia Power to buy excess solar cheaply from rooftop generation and then sell it to other customers at higher expense. “I will give Georgia Power credit for offering a repayment plan,” Blackman said.
Nuclear plant may cost JEA customers, but not for a few years
Read full article: Nuclear plant may cost JEA customers, but not for a few yearsJACKSONVILLE, Fla. – JEA management admits that customers' bills might go up to pay for a nuclear power plant in Georgia that has cost billions of dollars and still isn’t finished. JEA promised to pay 41% of the cost of two reactors at Plant Vogtle, a joint-project with Georgia Power and other utilities located near Waynesboro, Georgia, south of Augusta. Instead of looking at the plant as a huge liability, the JEA says receiving nuclear power will help hold down electric rates in the future. JEA admits there is a change the cost overruns at the plant will require a rate increase, although not immediately. Nothing has been decided and many things could change before electricity from Plant Vogtle begins flowing.
JEA still on the hook for $3 billion in Plant Vogtle project
Read full article: JEA still on the hook for $3 billion in Plant Vogtle projectJACKSONVILLE, Fla. JEA remains on the hook for nearly $3 billion as part of the Plant Vogtle project, which has seen its costs balloon as construction has fallen behind schedule. During JEAs monthly meeting on Tuesday, members went into a shade meeting. JEA staff members say that besides the cost of the nuclear power plant project, court costs are skyrocketing. JEA promised to pay 41% of the cost of two of the nuclear reactors now being built near Waynesboro, Georgia. Now, because of major construction problems that have delayed the project for years, plus the bankruptcy of other company involved, JEA costs have jumped to over $3 billion.
JEA cuts deal to shutter Georgia coal-fired power plant
Read full article: JEA cuts deal to shutter Georgia coal-fired power plantJACKSONVILLE, Fla. – JEA’s Board of Directors on Friday signed off on a plan to close a coal-fired power plant in Georgia as part of an effort to shift to cleaner sources of energy. The city-owned utility and Florida Power & Light have jointly owned Plant Scherer, Unit 4, an 848-megawatt plant in Macon operated by the Georgia Power Company, since 1989. Also Friday, JEA committed to a 20-year power purchase agreement with FPL, which is meant to lower the utility’s operating costs and lower carbon dioxide emissions by roughly 1.3 million tons a year. As News4Jax previously reported, JEA remains on the hook for a financial commitment of nearly $3 billion for Plant Vogtle, a power plant located in Waynesboro, Georgia, that remains under construction. The utility tried unsuccessfully to back out of the 20-year power purchase agreement as the project has fallen behind schedule and costs have skyrocketed.
Judge rules JEA is still on the hook for billions in Georgia nuclear power deal
Read full article: Judge rules JEA is still on the hook for billions in Georgia nuclear power dealJACKSONVILLE, Fla. JEAs efforts to back out of a deal to buy power from a Georgia nuclear plant reached a dead end Wednesday when a federal judge upheld the contract. In a 53-page order, U.S. District Judge Mark Cohen ruled that JEAs power purchase agreement (PPA) with the Municipal Electric Authority of Georgia (MEAG) is valid and enforceable, despite the utilitys legal arguments to the contrary. JEA would have been required to pay $1.4 billion of the anticipated $9.5 billion price tag under the fixed-cost agreement. JEA and the city sued in 2018, saying the contract was no longer valid, and MEAG in turn sued for breach of contract. It also noted that the judge lifted a stay on discovery for JEAs claims that MEAG was negligent when it entered the new agreement without JEAs approval.
JEA gives final go-ahead for new downtown building
Read full article: JEA gives final go-ahead for new downtown buildingJEA CEO Aaron Zahn said the future of JEA put plans to build a new headquarters downtown near the courthouse on hold. Zahn told the board and the developer at the meeting that the hold is no longer necessary and they are ready to move ahead. JEA has been in a legal battle over its contract to purchase nuclear power from the Municipal Electric Authority of Georgia. That agreement requires JEA to pay a portion of the construction cost and to buy 20% of the power from the nuclear power plant once it goes online. Zahn told the board he will come back next month with an update on the project and the cost.