PUBLIC UTILITIES AND PUBLIC TRANSPORTATION Public Service Commission: Enact the “Georgia Nuclear Energy Financing Act”; Amend Section 25 of Chapter 2 of Title 46, Relating to the Procedure for Changing Any Rate, Charge, Classification, or Service, so as to Provide for a Utility to Recover from Its Customers the Costs of Financing Associated with the Construction of a Nuclear Generating Plant; Provide a Short Title; Provide for the Calculation and Collection of the Financing Costs; Provide for the Georgia Public Service Commission to Exercise Discretion in Setting the Level of Assistance for Senior and Low Income Customers; Provide the Commission with the Authority to Authorize Any Specific Accounting Treatment for the Costs Recovered; Provide for Review by the Commission As to Whether the Costs Recovered Are Being Properly Recorded; Provide for Related Matters; Provide for an Effective date; Repeal Conflicting Laws; and for Other Purposes.

Authors

Suzanne N. BoydFollow
Sara SorensonFollow

Document Type

Peach Sheet

Abstract

The Act allows for a power utility company to charge its customers for the financing costs of building a nuclear power plant during construction of the plant. The Act allows the financing costs to be recovered through an accounting method called Construction Work in Progress (CWIP).

Recommended Citation

Suzanne N. Boyd & Sara Sorenson, PUBLIC UTILITIES AND PUBLIC TRANSPORTATION Public Service Commission: Enact the “Georgia Nuclear Energy Financing Act”; Amend Section 25 of Chapter 2 of Title 46, Relating to the Procedure for Changing Any Rate, Charge, Classification, or Service, so as to Provide for a Utility to Recover from Its Customers the Costs of Financing Associated with the Construction of a Nuclear Generating Plant; Provide a Short Title; Provide for the Calculation and Collection of the Financing Costs; Provide for the Georgia Public Service Commission to Exercise Discretion in Setting the Level of Assistance for Senior and Low Income Customers; Provide the Commission with the Authority to Authorize Any Specific Accounting Treatment for the Costs Recovered; Provide for Review by the Commission As to Whether the Costs Recovered Are Being Properly Recorded; Provide for Related Matters; Provide for an Effective date; Repeal Conflicting Laws; and for Other Purposes., 26 Ga. St. U. L. Rev. (2009).
Available at: https://readingroom.law.gsu.edu/gsulr/vol26/iss1/13