ATLANTA, June 28, 2016 /PRNewswire/ -- Georgia Power
announced today the latest milestone in the construction of Vogtle
3 & 4 near Waynesboro, Georgia
– the safe placement of the CA05 module for Unit 4. The module,
which is nearly 27-feet high and weighs 90-tons or 180,000 pounds,
is housed within the Unit 4 containment building. The CA05 module
is comprised of eight reinforced steel plates which are welded
together and will be filled with concrete to provide structural
support for the containment building. In addition to providing
structural support, the protective walls of CA05 will also separate
various rooms in containment.
The placement of the CA05 module is one of many recent
construction milestones at the site. Other recently completed
milestones include the placement of the KBO4 module in the Unit 4
auxiliary building. KBO4, which is designed to process and
discharge waste gas, is the first mechanical module to be installed
in the Unit 4 nuclear island. In addition, workers recently
completed the placement of 230 cubic yards of concrete within the
Unit 3 nuclear island, which prepares it for the next round of
shield building panel installation.
The Vogtle project is the state's largest job-producing
construction project with more than 5,000 construction workers
onsite and 800 permanent jobs expected once the new units begin
operation. Once all four units are online, Plant Vogtle is expected
to generate more electricity than any other U.S. nuclear facility,
enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear
expansion continues to be significantly less than when the project
was originally certified due to lower financing rates, other
benefits the company has proactively pursued and the fuel savings
of nuclear. The company projects that, even with the new
costs and schedule forecast, the peak rate impact will be
approximately 6 to 7 percent – which is nearly half of the original
rate impact forecast. Of this, approximately 4.5 percent is already
in rates. Once the new units come online, they are expected to put
downward pressure on rates and deliver long-term savings for
Georgia customers.
About Georgia Power
Georgia Power is the largest
subsidiary of Southern Company (NYSE: SO), one of the nation's
largest generators of electricity. 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, 21st century 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) and Twitter
(Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking
Statements
Certain information contained in this
release is forward-looking information based on current
expectations and plans that involve risks and uncertainties.
Forward-looking information includes, among other things,
statements concerning job creation, the expected impact on
customer rates, expected benefits, and completion of
construction of 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 fiscal year ended December 31, 2015, and
subsequent securities filings, could cause actual results to differ
materially from management expectations as suggested by such
forward-looking information: 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; the ability to control costs
and avoid cost overruns during the development and construction of
facilities, which includes the development and construction of
generating facilities with designs that have not been finalized or
previously constructed; state and federal rate regulations and the
impact of pending and future rate cases and negotiations, including
rate actions relating to fuel and other cost recovery mechanisms;
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; and
the ability of counterparties of Georgia Power to make payments as
and when due and to perform as required. Georgia Power expressly
disclaims any obligation to update any forward-looking
information.
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SOURCE Georgia Power