To avert a financial crisis when it must start buying electricity from the two new nuclear units at Plant Vogtle, Commerce needs to squirrel away an extra $1 million a year in its Electric Fund, the Commerce City Council heard Tuesday, Sept. 2.
Meeting a day later than normal for its “work session” due to the Labor Day holiday, the council got an update on the Vogtle project from Paul Warfel of the Municipal Electric Authority of Georgia (MEAG), through which the city not only buys electricity, but with which it owns a share of Plant Vogtle’s two units.
As part of its share, the city agreed to buy approximately six megawatts (MW) of electricity once the units come on line, which is now projected for 2017 and 2018. It has contracts to sell almost one MW for 20 years. The problem is, it has no use for the other five MW.
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