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Albany W.G.&L. studies nuclear project

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May 8, 2008

Albany-- Albany Water Gas and Light Commissioners delay a decision about a possible rate hike because there's still some uncertainty about their budget.

Georgia Power's plan to add two nuclear reactors at Plant Vogtle near Waynesboro could lead to higher rates for W-G-and-L and other members of the Municipal Electric Authority of Georgia. But that 14-billion dollar project isn't a done deal yet.

Albany officials also discussed proposed 20-year contracts with a Tennessee natural gas supplier. W.G.L. Fiscal Affairs Director John Vansant said "it's really something nobody knows what the future holds. But you just try and make the best decision that you can with the information that you have available."

Georgia utilities have until July 2nd to finalize ownership contracts in the Plant Vogtle expansion. The reactors are not expected to be on line until 2018.

W-G-L's next board meeting is May 29.

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