SEPTEMBER 1 TO SEPTEMBER 7, 2022 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
JEA’s plan for Vogtle savings
INSIDE
RESTAURANTS
Fast-casual Italian chain planning two locations PAGE 3
WHO OWNS PLANT VOGTLE? Georgia Power photos
How the city owned-utility is seeking to project itself from future cost overruns at the Georgia nuclear power plant now under construction.
The nuclear Vogtle Electric Generating Plant near Waynesboro, Georgia, is jointly owned by four entities: Georgia Power, Oglethorpe Power Corp., Municipal Electric Authority of Georgia and Dalton Utilities. JEA’s power purchase agreement with MEAG allows the city-owned utility access to 206 megawatts of power from the plant for 20 years. THE MATHIS REPORT Dalton Utilities
Apartment plans filed at St. Augustine outlet mall
1.6% Oglethorpe Power Corp.
MIKE MENDENHALL ASSOCIATE EDITOR
I
30%
n August, JEA leadership received something rare in its costly saga to start drawing power from the longdelayed expansion of Georgia nuclear Plant Vogtle — good news. The federal Nuclear Regulatory Commission gave plant co-owner Georgia Power affiliate Southern Nuclear the goahead to load fuel into Unit 3, which has been under construction since 2013. During JEA’s annual board of directors retreat Aug. 10, officials noted the development as a positive sign after years of setbacks. JEA’s 2021 annual discourse report says the utility estimates it will pay $3.369 billion in capital costs for the $30.34 billion construction of the nuclear plant through a power purchase agreement with one of the four Vogtle co-owners, Municipal Electric Authority of Georgia. Unexpected construction delays or problems could send those figures higher. The project has suffered multiple cost
The Unit 3 control room.
REAL ESTATE
Expert: Rent increases slowing
Plant Vogtle’s projected cost:
$30.34 billion
Georgia Power
45.7%
Redfin’s chief economist said rents are decreasing because “landlords thought they could push their units for an exorbitant price,” after the pandemic. PAGE 8
LAW & THE COURTS
Municipal Electric Authority of Georgia
The Florida Bar’s top priorities
22.7%
The Unit 4 turbine room.
SEE VOGTLE, PAGE 7
Encouraging professionalism and ethics and boosting mentorship are the organization’s focus, its leader says. PAGE 14 GOVERNMENT
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THE BASCH REPORT
ParkerVision still waging legal battles over patents The Jacksonville-based company, which once made technology products, is focused entirely on its patent infringement claims against Qualcomm and other companies. PAGE 10
City incentives for cold storage Two companies proposing cold-storage and distribution facilities and a total $202.5 million investment win a combined $5 million in property tax breaks from the city. PAGE 20
VOLUME 109, NO. 67 | TWO SECTIONS | PUBLISHED SINCE 1912