Progress continues at site under Southern Nuclear oversight
ATLANTA, Aug. 16, 2017 /PRNewswire/ -- Georgia Power announced today that the first steam generator has been placed at the Vogtle nuclear expansion near Waynesboro, Georgia. The 1.4 million-pound steam generator was lifted into the Unit 3 nuclear island on Tuesday and marks the first major lift under the recently finalized service agreement with Westinghouse which places Southern Nuclear in charge of oversight activities at the construction site. Southern Nuclear is the Southern Company subsidiary which operates the existing units at Plant Vogtle.
Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Each new AP1000 unit at Plant Vogtle requires two steam generators, all of which are currently onsite. The steam generators for the new units were fabricated in South Korea and transported to the site via the Port of Savannah and then via rail.
Following the Westinghouse bankruptcy filing on March 29, construction momentum has continued uninterrupted. In addition to Tuesday's placement, other recent progress includes the placement of the first of four 85,000 pound accumulator tanks for the new units, as well as the KQ22 and KQ23 modules, all within the Unit 3 containment vessel. View the latest photos of progress at the construction site in the Plant Vogtle 3 & 4 Online Photo Gallery.
The new nuclear units at Plant Vogtle are the first to be built in the United States in more than 30 years. Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities.
Georgia Power continues efforts to complete its comprehensive schedule and cost-to-complete assessment, as well as cancellation cost assessment, for the Vogtle nuclear expansion by the end of the month. The final recommendation is expected to be filed with the Georgia Public Service Commission (PSC) as part of the 17th Vogtle Construction Monitoring (VCM) Report. Once submitted, Georgia Power will work with the Georgia PSC to determine the best path forward for customers
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected timing of Georgia Power's recommendation and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the construction of Plant Vogtle Units 3 and 4; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
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