Friday, February 20, 2009

Nuclear Finance Bill Sails through House Panel
by Maggie Lee
Georgia Online News Service

In an 11-1 vote with one abstention, a Georgia House subcommittee has endorsed the controversial Georgia Nuclear Energy Financing Act, meaning the bill could come before the whole House as early as Tuesday.

After nearly four hours of public comment spread over two days, the House Regulatory and Utility Affairs Subcommittee immediately recommended the legislation which allows Georgia Power to start collecting in 2011 for two nuclear reactors that won't be built for five or six years. There were no proposed amendments.

Rep. Martin Scott (R-Rossville) voted in favor of the bill.

"I cannot imagine how anyone sitting in this room would want to punish future generations of this state by asking them to pay $300 million dollars up front in additional cost for this clean source of energy," he said.

Georgia Power figures contend that collecting early to finance construction will eventually save ratepayers $300 million over the 60-year life of the plants.

"I think it's motivated not necessarily by real policy concerns but by an anti-nuclear stance," Scott said.

Rep. Barry Loudermilk (R-Cassville), Secretary of the Energy, Utilities & Telecommunications Committee, also voted for the measure, arguing that all businesses must raise their prices when they expand.

"Any business out there, say Home Depot, when they go to build a new store, it is their 'ratepayers' that are paying for that through the subtle price increase they have," he said.

"Ratepayers" are Georgia Power's smaller customers, mostly households and small businesses.

Rep. Randal Mangham (D-Decatur) cast the sole dissenting vote, comparing nuclear power to another decades-old technology.

"It's like we're selling an 8-track player in 2009. We're not looking at the technological options available to us," Mangham explains.

Rep. Earnest "Coach" Williams (D-Avondale Estates) abstained from the vote, explaining he'll hold his opinion "until the PSC makes its decision on Mar. 17."

On that day, the Public Service Commission is expected to announce whether it will approve construction of the two reactors at all, and if they will allow Georgia Power's proposal (nearly identical to the bill) to pre-collect to finance construction costs. Georgia Power needs approval of only one, either the legislature or the PSC.

Senate Bill 31 is ostensibly about a financing plan to expand Georgia Power's Plant Vogtle by two more nuclear reactors. Under the bill, the surcharge would pay the interest on the financing Georgia Power is securing to construct the reactors near Augusta. The average household bill would rise $1.30 per month in 2011, growing to $9.10 a month by 2017, according to the utility's numbers.

But the House public comments ranged to the overall future of nuclear in Georgia. In part because Georgia Power has said nuclear is "off the table" for Georgia after the Vogtle expansion unless they can be guaranteed upfront capital from ratepayers. But also in part because some bill opponents don't want to see the legislature give a de facto endorsement to nuclear power.

Veteran anti-nuclear, peace and health activist Bobbie Paul told the subcommittee that Georgia Power is improperly going over the head of its regulator for ratepayers, the Public Service Commission.

"I think it's mind boggling that now this kind of trump card is being played to set a new policy," Paul said.

Atlanta resident Julie Symonds remembers the cost overruns with the first two reactors at Plant Vogtle. She's not sure she'd put her money in two more.

"Its an investment in something we don't have a choice about. I don't personally want to be investing money in something as risky as nuclear power," she testified.

The bill next appears before the subcommittee's parent, the Energy, Utilities and Telecommunications Committee. That hearing is scheduled for Monday.

The Senate passed the bill last week.

The bill only affects Georgia Power customers. The state's electric membership cooperatives and municipally owned utilities' domestic customers are not regulated by the PSC and may start billing for their portion of costs on the two nuclear plants at any time.

Maggie Lee specializes in quality of life topics, Atlanta's international communities and general reporting. She covers Georgia economic development and the Chinese community as a stringer for China Daily and chronicles life in Georgia's most diverse county for the DeKalb Champion.   [full bio]


Editor's note: Hello, Georgia.

Our top story from around the state concerns the future of nuclear power expansion. A Georgia House subcommittee this afternoon gave its overwhelming approval to move ahead and a final full House vote could come as early as Tuesday. We have a full report for you today with comments from representatives from around the state.

We've also included two other stories for your weekend editions the value that older workers bring to the workplace and a commentary on the ongoing debate about the value of school vouchers.

All three are solid, thought-provoking reads.

As always, we'd like to hear from you. GONSO is an enterprise founded and staffed by more than two dozen leading journalists and media executives in Georgia. We're providing content free -- for a limited period. Newspapers, broadcasters, bloggers and websites are welcome to use our articles -- please credit the writers and the Georgia Online News Service.

Send your comments and any story ideas to executive editor John Sugg at john.sugg@georgiaonlinenews.org. You can also call us at 800-891-3459.


Today's GONSO

Nuclear Finance Bill Sails through House Panel

by Maggie Lee
In an 11-1 vote with one abstention, a Georgia House subcommittee has endorsed the controversial Georgia Nuclear Energy Financing Act, meaning the bill could come before the whole House as early as Tuesday.
Full Story

Economy is toughest for (best) older workers

by Nadirah Z. Sabir
Baby boomers are showing the bruises from a volatile job market in a youth-obsessed culture. Yet, from all indicators, companies will desperately need older workers to fill skilled labor gaps in the coming decade.
Full Story

SOAPBOX

School vouchers: People are capable of making their own decisions

by Susan Laccetti Meyers
A small business owner and former member of the Atlanta Journal editorial board thinks parents should be able to use their own tax dollars to transfer their children to the public or private school of their choice.
Full Story

Tomorrow's Budget
The Oscars: Wondrously Inventive and Well Executed, With a Gloss of Genuine Sentiment
by Eleanor Ringel Cater
Nuclear Finance Bill Breezes through House Committee
by Maggie Lee
Congressman Sanford Bishop: A Powerful Peanut Industry Politico
by Maynard Eaton
To Better Serve Georgia, the DOT Must Change
by Sonny Perdue, Casey Cagle and Glenn Richardson

Recent stories
   
Georgia Power Ties Nuclear Option to SB 31; Others Consider Alternatives by Maggie Lee   [More]
A Hope Program for Transportation by Michael Dobbins   [More]
Georgia's Legislative Black Caucus at a Critical Political Crossroads by Maynard Eaton   [More]
Gov. Perdue's Transportation Shuffle by Lyle Harris   [More]
View to a Georgia Kill: A New Book Looks at Leo Frank on Film by David Lee Simmons   [More]
Vouchers recognize the fact that one type of school doesn't fit all students' needs by Lisa Baron   [More]
More nuclear power in Georgia? It's 'pro America,' sponsor says by Maggie Lee   [More]
Governor Takes the Road to Streamlining Transportation Agencies by Maggie Lee   [More]
The Capitol is not on Fire by Hollis Gillespie   [More]
Steroids? You're Outta Here! by Paul Kaplan   [More]
What really matters to sports fans isn't the score it's who is scoring with whom by Paul Kaplan   [More]
Protecting Big Pharma from lawsuits isn't the way to build a healthy economy in Georgia by John Sugg   [More]
Murder In Oak Meadow by Bill Osinski   [More]
FOR ATLANTA: Sometimes you do have to reinvent the wheel if you want to sell condo units in this real estate market by Jeanne Bonner   [More]
FOR AREAS OUTSIDE OF ATLANTA: Sometimes you do have to reinvent the wheel if you want to sell condo units in this real estate market by Jeanne Bonner   [More]
Valentine's Day Done My Way by Jeanne Bonner   [More]
The Audacity of Hype by Ralph Reed   [More]
Governor Perdue: Deliver us from the land of nuclear make believe by Lyle Harris   [More]
Legislature Takes Time Sizing up Federal Funds by Maggie Lee   [More]
Recipe for preventing a disaster by Susan Puckett   [More]
What do we call two legislators who have started a witch-hunt in academia? Dumb and Dumber by John Sugg   [More]
Per-student school funding soars as graduation rates fall by Ben Scafidi   [More]
Senate OKs Georgia Power Nuke Financing Plan by Maggie Lee   [More]
Tax breaks: The state should quit playing favorites by Alan Essig and Sarah Beth Gehl   [More]
Governor's Allies Propose Legal Immunity for Drug Makers by Maggie Lee   [More]
 
Copyright 2009 - Georgia Online News Service