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Most of the $1.6 billion in early financing fees that Georgia Power wants to charge customers for additional nuclear reactors would go to the company’s shareholders, and not to finance debt.
On Monday, Georgia Power confirmed figures presented by a legislative critic of its early financing measure, Senate Bill 31.
State Rep. Don Wix, D-Mableton, tried and failed to amend that bill to exclude the $1 billion he estimated would flow to shareholders, if SB 31 is passed.