Lawmaker: bar Ga. Power from profit on overruns
by The Atlanta Journal-Constitution
Feb 07, 2013 | 725 views | 0 0 comments | 3 3 recommendations | email to a friend | print
The Georgia Capitol.
The Georgia Capitol.
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The question of whether Georgia Power should be allowed to profit from cost increases at its $6.1 billion Plant Vogtle expansion could wind up in the hands of the Legislature.

Rep. Jeff Chapman (R - Brunsiwick) plans to file a bill Thursday that would prohibit the utility from collecting its set profit margin on any overrun charges passed along to ratepayers.

Chapman already wrote a letter to Georgia Power President and Chief Executive Officer Paul Bowers, asking that the company voluntarily forgo or reduce the allotted 11.15 percent return the company would get on top of any additional Vogtle costs.

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