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SB 31 - Energy Rate Increases to Finance Nuclear Power Plant Construction - Georgia Key Vote

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Title: Energy Rate Increases to Finance Nuclear Power Plant Construction

See How Your Politicians Voted

Title: Energy Rate Increases to Finance Nuclear Power Plant Construction

Vote Smart's Synopsis:

Vote to pass a bill that allows a utility to recover from its customers the costs of constructing a certified nuclear generating plant by charging a rate tariff that is allocated on an equal percentage basis to standard base tariffs which are designed to recover embedded capacity costs.

Highlights:

-Authorizes a utility to begin recovering costs for a nuclear generating plant certified on or after July 1, 2009 at any time within five years after the date the plant is certified (Sec. 2). -Authorizes a utility to begin recovering costs on January 1, 2011 for a nuclear plant certified on or after January 1, 2009 and before July 1, 2009 (Sec. 2). -This is a substitute bill sponsored by the Senate Regulated Industries and Utilities Committee.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

See How Your Politicians Voted

Title: Energy Rate Increases to Finance Nuclear Power Plant Construction

Vote Smart's Synopsis:

Vote to pass a bill that allows a utility to recover from its customers the costs of constructing a certified nuclear generating plant by charging a rate tariff that is allocated on an equal percentage basis to standard base tariffs which are designed to recover embedded capacity costs.

Highlights:

-Authorizes a utility to begin recovering costs for a nuclear generating plant certified on or after July 1, 2009 at any time within five years after the date the plant is certified (Sec. 2). -Authorizes a utility to begin recovering costs on January 1, 2011 for a nuclear plant certified on or after January 1, 2009 and before July 1, 2009 (Sec. 2). -This is a substitute bill sponsored by the Senate Regulated Industries and Utilities Committee.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Title: Energy Rate Increases to Finance Nuclear Power Plant Construction

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