State Rep. Jeff Chapman said he will file legislation Thursday that would shave the profits of Southern Co. subsidiary Georgia Power if it breaks its state-approved budget of more than $6 billion building two reactors at Plant Vogtle near Augusta.
Georgia Power would be reimbursed for its construction expenses under the plan. It would earn a reduced profit on investments that exceed its budget.
Utility regulators have allowed Georgia Power to spend about $6 billion as its share of the estimated $14 billion project. A state monitor said the project could exceed that limit.
Georgia Power spokesman Mark Williams said state utility regulators have approved all the company's spending.