Georgia Power customers will receive the second of three separate $25 credits for the Vogtle nuclear expansion this month. A total of $75 in 2018 bill credits, or $188 million overall, were approved by the Georgia Public Service Commission (PSC) as part of its order to continue construction of Vogtle 3 & 4 in December 2017. The third and final $25 credit is expected to be issued in September.
The credits are the result of parent guarantee payments for the Vogtle project from Toshiba due to the original contract for the project and protections in place for Georgia electric customers.
As a result of the Toshiba parent guarantee payments and changes in federal tax law this year, customers will pay $139 million less than expected in 2018 for the Vogtle project with the typical residential customer using 1,000 kilowatt-hours per month paying $1 less each month than they did in 2017.
