Most fees for nuke plant would go to investors, not debt

Please read article, cited after the quote. Articles open in a new window.

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.

http://www.ajc.com/business/content/metro/stories/2009/02/23/ga_power_nuclear_financing.html

Advertisements

2 Responses

  1. […] Nuclear and Indigenous Items of Interest added an interesting post on Most fees for nuke plant would go to investors, not debtHere’s a small excerptPlease read article, cited after the quote. Articles open in a new window. 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 estim […]

  2. I just stopped by your blog and thought I would say hello. I like your site design. Looking forward to reading more down the road.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: