JEA is proposing a rate increase in 2024 as part of its efforts to offset nearly $5 billion in costs associated with the Plant Vogtle nuclear power plant in Southeast Georgia.
During a board meeting Tuesday, the utility laid out its plan for a possible 2.9% rate hike – its third increase in three years. It comes as the utility is looking for ways to increase revenue over at least the next 20 years as it is obligated to spend approximately $250 million per year to buy fuel from Plant Vogtle.Besides Vogtle, JEA still has rising costs associated with operations & maintenance as well as debt service.
It’s unclear how much bills will go up because of Plant Vogtle, but Action News Jax crunched the numbers and determined it could eventually result in an average monthly bill increase of $40 per month over the next two decades. However, JEA says it’s too early to make that determination since the utility doesn’t officially forecast decades into the future.
Georgia Power Co., Plant Vogtle’s owner, announced in July that Unit 3 has completed testing and is now in commercial operation, seven years late and $17 billion over budget. A fourth reactor is also nearing completion at the site. JEA says it will discuss the proposed rate increase during upcoming meetings with a possible vote in February 2024. If approved, the rate hike would go into effect in April 2024.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
JEA proposing rate hike, borrowing billions as Plant Vogtle starts operationsJEA is proposing a rate increase in 2024 and borrowing billions of dollars as part of its efforts to offset nearly $5 billion in costs associated with the Plant Vogtle nuclear power plant in Southeast Georgia.
Baca lebih lajut »
JEA proposing rate hike, borrowing billions as Plant Vogtle starts operationsJEA is proposing a rate increase in 2024 and borrowing billions of dollars as part of its efforts to offset nearly $5 billion in costs associated with the Plant Vogtle nuclear power plant in Southeast Georgia.
Baca lebih lajut »
Revolutionizing Plant Proteins: Scientists Unlock the Secret to Juicier Plant-Based MeatOne of the most significant barriers to the adoption of plant-based meat alternatives is their often dry and astringent texture upon consumption. A team of scientists, headed by Professor Anwesha Sarkar at the University of Leeds, is pioneering a transformation in the texture of plant proteins. T
Baca lebih lajut »
Peugeot e-5008: seven-seat electric SUV spied on test ahead of 2024 launchEverything you need to know about the new 2024 Peugeot 5008 and e-5008 SUVs: CAR magazine UK has the spy photos, specs and all the news you need
Baca lebih lajut »
Intel confirms Meteor Lake is coming to desktop in 2024Intel Meteor Lake chips are coming to desktop PCs after all, as Intel has just confirmed that fact in a new interview, putting to bed previous rumors.
Baca lebih lajut »