This undated photo provided by Dominion Resources Inc. shows the 56-megawatt Kewaunee Power Station in Carlton, Wis. Dominion Resources Inc. announced Monday, Oct. 22, 2012, that it plans to close and decommission Kewaunee Power Station in the second quarter of 2013 after it was unable to find a buyer for the nuclear power plant. Dominion plans to record an after-tax $281 million charge in the third quarter related to the closing and decommissioning of the station. (AP Photo/Dominion Resources Inc)
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This undated photo provided by Dominion Resources Inc. shows the 56-megawatt Kewaunee Power Station in Carlton, Wis. Dominion Resources Inc. announced Monday, Oct. 22, 2012, that it plans to close and decommission Kewaunee Power Station in the second quarter of 2013 after it was unable to find a buyer for the nuclear power plant. Dominion plans to record an after-tax $281 million charge in the third quarter related to the closing and decommissioning of the station. (AP Photo/Dominion Resources Inc)
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In this Tuesday Dec. 11, 2012 photo, Daniel Ramirez works through a simulated emergency from the supervisor's console in the training simulator at Plant Vogtle in Augusta, Ga. Ramirez is training to become a licensed nuclear plant operator. Utility companies are preparing a new wave of workers to run first-of-their-kind nuclear plants, a process certain to influence how workers are trained on the new technology for decades to come. (AP Photo/John Bazemore)
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In this Tuesday, Dec. 11, 2012 photo, an earth mover works on a new nuclear reactor at the Plant Vogtle nuclear power plant in Augusta, Ga. One of the plant's existing reactors is shown in the background. The $14 billion project is trending hundreds of millions of dollars over budget and trailing more than a year behind schedule, according to a report from a state-hired construction watchdog. Buzz Miller, executive vice president of nuclear development at Southern Co., who oversees the project, says quality counts more than cost. (AP Photo/John Bazemore)
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In this Tuesday, Dec. 11, 2012 photo, a man works on a new nuclear reactor at the Plant Vogtle nuclear power plant in Augusta, Ga. The $14 billion project to build the nuclear power plant is trending hundreds of millions of dollars over budget and trailing more than a year behind schedule, according to a report from a state-hired construction watchdog. Buzz Miller, executive vice president of nuclear development at Southern Co., who oversees the project, says quality counts more than cost. (AP Photo/John Bazemore)
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FILE - This Monday Nov. 3,2008 file photo shows one of Pacific Gas and Electric's Diablo Canyon Power Plant's nuclear reactors in Avila Beach on California's central coast. California coastal regulators were set to weigh in Wednesday, Nov. 14, 2012 on the utility's contentious plan to map offshore earthquakes faults near a nuclear power plant by blasting loud air cannons. A commission staff report said the work would disturb some 7,000 marine mammals in the region. (AP Photo/Michael A. Mariant, File)
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Environmentalist Jim Brown, right, uses a bear's inability to speak to exemplify "animals rights," as he addresses the California Coastal Commission meeting in Santa Monica, Calif. Wednesday, Nov. 14, 2012. The California Coastal Commission is weighing whether to grant a permit to the Pacific Gas & Electric Co. to conduct seismic imaging off the coast of the Diablo Canyon nuclear plant. (AP Photo/Damian Dovarganes)
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Pacific Gas & Electric Co. State Agency Relations Director Mark Krausse explains his company's contentious plan to map offshore earthquake faults near the Diablo Canyon nuclear power plant by blasting loud air cannons, during a meeting in Santa Monica, Calif. Wednesday, Nov. 14, 2012. Environmentalists, fishermen and even the California Coastal Commission's staff have lined up against the project, fearing the high-decibel sounds would disturb sensitive marine mammals. (AP Photo/Damian Dovarganes)
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Environmentalists Cody Riechers, sitting left, and Connor Chicott, middle, hold up signs, during a California Coastal Commission meeting in Santa Monica, Calif. Wednesday, Nov. 14, 2012. The California Coastal Commission is weighing whether to grant a permit to the Pacific Gas & Electric Co. project, a utility to conduct seismic imaging off the coast of the Diablo Canyon nuclear plant. (AP Photo/Damian Dovarganes)
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Environmentalists and supporters of Greenpeace hold their hands up to express their support for fellow speakers during a California Coastal Commission meeting in Santa Monica, Calif. Wednesday, Nov. 14, 2012. The California Coastal Commission is weighing whether to grant a permit to the Pacific Gas & Electric Co. to conduct seismic imaging off the coast of the Diablo Canyon nuclear plant. (AP Photo/Damian Dovarganes)
Bill would penalize Ga. utility over nuclear costs
ATLANTA (AP) — Politicians are pushing back over the rising costs of building one of the first nuclear plants in a generation.
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.
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mark williams, augusta, georgia, rep. jeff chapman, thursday, spending, profits, legislation, reduced profit, nuclear power, politicians, business, project, construction, atlanta, nuclear plants, generation, limit, investments, reactors, southern company, georgia power, utility regulators, southern co. subsidiary, state utility regulators, georgia power spokesman, state-approved budget, nuclear costs, ga. utility, construction expenses, plant vogtle, state monitor, ap1000, vogtle electric generating plant, economics of new nuclear power plants
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