MEAG affects WG&L - WALB.com, Albany News, Weather, Sports

MEAG affects WG&L

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - A plan to expand a Georgia nuclear power plant could force Albany's Water, Gas, and Light Commission to squirrel away extra money.  

The Municipal Electric Authority of Georgia is partnering with Georgia Power to build two new nuclear cells at Plant Vogtle in east Georgia.

WG&L is a member of MEAG. As money is spent on the Vogtle project, MEAG wants its members to put money in special accounts to help protect a top credit rating and keep interest rates down.   

"Get ahead of the curve, so to speak and save money by setting money aside so the bond rating of MEAG will not drop," said WG&L Chairman and Mayor, Dr. Willie Adams. 

A strong credit rating could help save millions of dollars could be saved over the course of the bond that will pay for the Vogtle project.

That could save money for customers in the long run.

 

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