Your electric bill will be going up again in less than a week because of a power plant in Georgia.
Plant Vogtle, located in Waynesboro, Georgia, is about four hours away from Jacksonville.
However, it supplies about 10 percent of JEA’s energy and its clean nuclear energy. However, it’s also the primary reason your bill is going up Oct. 1.
JEA took out loans to help build some of the plant towers and that money has to be paid back. The annual debt solely from Plant Vogtle is in the millions per year, JEA’s Karen McAllister explained.
“Our annual debt service for Plant Vogtle is $170 million a year. A hundred and 70 million a year. And that’s just for debt service,“ McAllister said.
This does not include paying down the principal; it’s only paying towards the interest of the debt owed.