The Georgia Senate has approved a bill that would allow Georgia Power to begin collecting interest costs early for the construction of two new nuclear reactors.
The bill would boost the electric bill for the average ratepayer by about $1.30 a month beginning in 2011. The reactors will be complete in 2017 at the earliest.
It passed 38-16 Wednesday after a heated debate.
Georgia Power officials argue that recouping the interest costs early for the construction at Plant Vogtle near Augusta means ratepayers will pay less in the long run. They estimate it will shave $300 million off the $14.4 billion expansion. But Senate Democratiuc Ledaer Robert Brown says the plan is bad for consumers. He calls the utility "selfish" and "greedy."