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Moral Turpitude Coming and Going

Today, Tomorrow, Yesterday

Former foes fight Georgia Power to stop the utility from using a "novel theory" to snooker ratepayers. Former Gov. Roy Barnes and former Georgia House Speaker Glenn Richardson accuse Georgia Power of illegal collection of taxes in Fulton County Superior Court.

Georgia Power is billing customers sales tax and municipal franchising fees on the surcharge added to their bills to pre-pay the costs of two new nuclear reactors planned at Plant Vogtle in advance of construction.

The "construction work in progress arrangement" (CWIP) aka advanced cost recovery, amounts to an interest-free loan from customers. What's up with that?

Sallan has been tracking the moral hazard since Anderson penned a piece about Georgia's municipal taxpayers plugging the $2B loan guarantee gap not covered by Uncle Sam.