Southern Co. subsidiary Georgia Power changes estimate for bill increase related to nuclear power plant construction; customers to pay an extra 57 cents in 2012 and steeper-than-expected charges in following years

ATLANTA , November 2, 2011 () – A typical Georgia Power customer will pay an extra 57 cents next year to finance the construction of a nuclear power plant, less than the utility earlier estimated.

But customers will pay steeper-than-expected charges in the following years.

The Southern Co. subsidiary filed those rate plans Tuesday with state utility regulators. The company is allowed to recoup from its customers the interest costs associated with borrowing money to build two more nuclear reactors at Plant Vogtle near Augusta. Because there has been less construction than expected, the costs have decreased from the original estimate.

The U.S. Nuclear Regulatory Commission is still deciding whether to give the power company a license to build and operate the new plant. A decision is expected later this year or early next year.

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