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Georgia Power's Vogtle Project Reaches 10 Million Work Hours

Major components will begin arriving at the site later this year and early 2013, the first of which will be the reactor vessel for Unit 3. The Unit 3 condensers have arrived from South Korea, where they were manufactured. Unit 3 is scheduled to go online in 2016, and Unit 4 will follow in 2017.

Once complete, the new units will produce enough electricity to power 500,000 Georgia homes and businesses.

The facility provides at least $2.2 billion more value to customers than the next best available technology, including natural gas generation, according to PSC staff. Georgia Power is in position to provide customers with up to $2 billion in potential benefits in the form of savings related to recovering financing costs during construction, DOE loan guarantee, production tax credits, lower-than-forecast interest rates and lower-than-forecast commodity costs.

Southern Nuclear, a subsidiary of Southern Company, is overseeing construction and will operate the two new 1,100-megawatt AP1000 units for Georgia Power and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities. Georgia Power owns 45.7 percent of the new units, with a certified cost of $6.1 billion.

Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity.  The company is an investor-owned, tax-paying utility with rates below the national average. Georgia Power serves 2.4 million customers in all but four of Georgia's 159 counties.

SOURCE Georgia Power Co.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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