Have you ever seen the commercial that ends with the saying “What’s in YOUR wallet?” Well if you are an electric power customer in Georgia, the answer is a nuclear power train wreck!
Please let me take a minute and share with you a little southern straight talk about what has been happening while you have been trying to make an honest living. Some of the boys down the road hatched a plan to make money at your expense. They are going to tell you its really complicated and trust them, it will all work out just fine. But don’t you believe them for a minute. They’ve created a mess and you are paying for their mistakes.
Here is what you need to know – the boys in suits at Georgia Power schemed up a way to make more money for their stockholders in 2006 by announcing plans to build a couple of fancy new nuclear power plants. They talked the boys in public power into joining the scheme. Next they went to the Georgia legislature and had them pass a bill that basically said all the financial risk of building these great big power plants would be put on the ratepayers, like you and me, but all the profits would go to the stockholders in the companies and the executives would get big bonuses. You know the drill. See, they make money on every dollar they spend, so the more they spend, the more they make. The only problem is, it’s your money.
Above (left to right) are PSC Commissioners, Chuck Eaton ([email protected]; 404-657-2020) and Chairman Stan Wise ([email protected]; 404-657-4574), both of which are up for re-election in 2018.