Bill for troubled Plant Vogtle coming due soon, that means more rate increases for JEA customers

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Bill for troubled Plant Vogtle coming due soon, that means more rate increases for JEA customers
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The first board meeting was held today at JEA's new headquarters and during that meeting, there was more discussion about future rates and how JEA will operate for years to come.

A nuclear reactor and two cooling towers are shown at Georgia Power's Plant Vogtle nuclear power plant Friday, Jan. 20, 2023, in Waynesboro, Ga. Georgia Power Co. is again delaying the projected startup for two new units at its Vogtle nuclear power plant near Augusta, saying its share of the costs will rise by a projected additional $200 million. – JEA took another step into its new headquarters in downtown Jacksonville on Tuesday.

“So what we are going to propose at the next month’s board meeting, we’re gonna take all the comments that we heard today from the public and from the board, and we’re going to come back with more formal recommendations on what our goals will be,” said JEA CEO Jay Stowe. A lot of attention Tuesday was given to one investment that has seen many problems in the past decade — the nuclear power facility Plant Vogtle being built in Georgia. JEA is responsible for $3 billion of its cost and that bill is coming due soon as part of the plant gets ready to come online.

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