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Thursday
Jan052017

How Georgia officials pantsed ratepayers over the holidays

Mr. Burns, Nuclear Scrooge of Simpsons infamy, wasn't stingy when it came to handing out "Atomic Fireballs" as a stand in for the radioactive waste the nuclear industry would like the public to "consent" to "swallowing," during a protest outside NRC's "Nuke Waste Con Game" public comment mtg. in Perrysburg, OH, 2013. While Radioactive Man is on the take, re: the Atomic Fireballs, it is Planet Earth, and all future generations of all living things, on the receiving end of the subsidized high-level radioactive waste generation, as at Vogtle 3 & 4 in GA.As reported by Matt Kempner in an Atlanta Journal-Constitution editorial:

...The Georgia Public Service Commission — a body of five officials that most voters don’t even realize existsyanked Georgia consumers’ pants down to their ankles. One thing they exposed in the process: a big gap in the state’s system for regulating a powerful business monopoly.

It took PSC commissioners less than six minutes, without debate, to unanimously slap customers of Georgia Power with responsibility to pay for billions of dollars in cost overruns tied to the for-profit company’s expansion of nuclear Plant Vogtle. The PSC allowed only the barest of reductions in Georgia Power’s profit margins. Even that is a temporary measure compared to decades the company is likely to be pulling in fully caffeinated profits in this arrangement. More.