From the AP:
Georgia Power still plans to increase rates next year to finance two new nuclear reactors at Plant Vogtle despite billions of dollars in federal loan guarantees announced Tuesday by the Obama administration.Georgia Power spokesman Jeff Wilson said any savings the utility will see from the federal loan backing won’t occur until January 2012. That means ratepayers will see their electric bills rise by an average of $1.30 a month in 2011 as planned, he said.
The Obama administration said the nuclear plant near Augusta had been selected to receive more than $8 billion in federal loan guarantees. The expansion at Vogtle will mark the first nuclear power plant construction in the United States in nearly three decades.
The two new reactors are scheduled to be completed in 2017 at a…