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Georgia Power Outlines 20-year Plan To Meet Electricity Needs

Stocks in this article: SO

ATLANTA, Jan. 31, 2013 /PRNewswire/ -- Georgia Power outlined its plans to continue to meet the state's electricity needs reliably and affordably in its Integrated Resource Plan (IRP), filed today with the Georgia Public Service Commission (PSC).

(Logo:  http://photos.prnewswire.com/prnh/20050216/CLW066LOGO )

Georgia Power is required to file an IRP every three years, and may also file updates when necessary.  The filing outlines the company's 20-year resource plan, and details how it will meet future customer energy needs in an economical and reliable manner.

Included in the IRP are projections of future fuel costs; load and energy forecasts; an analysis of currently available generation technologies; the 10-year transmission plan; and an economic assessment of potential and proposed energy efficiency and demand response, also known as demand-side management (DSM) programs.

"We are committed to meeting the energy demands of our customers in the most reliable and affordable way possible," said John Pemberton, Georgia Power senior vice president of Generation and senior production officer. "The IRP process ensures we keep that commitment as we undergo a historic transition to our generating fleet, which includes natural gas, 21 st-century coal, new nuclear, renewables and energy efficiency."

As part of today's filing, Georgia Power is requesting to decertify and retire 15 coal- and oil-fired generating units totaling 2,061 megawatts (MW): Units 3 and 4 at Plant Branch in Putnam County; units 1-5 at Plant Yates in Coweta County; units 1 and 2 at Plant McManus in Glynn County; and units 1-4 at Plant Kraft in Chatham County; and Boulevard units 2 and 3, also in Chatham County. In addition, the company is requesting to decertify and sell Plant Bowen Unit 6, which has a rating of 32 MW, bringing the total of retired capacity to 2,093 MW.

Units 3-4 at Branch, units 1-5 at Yates and units 1-3 at Kraft are coal-fired generating units. Kraft Unit 4 is oil-/natural gas-fired, and McManus units 1-2 are oil-fired. Bowen Unit 6 is an oil-fired combustion turbine that is only permitted to operate during non-summer months due to ozone non-attainment requirements.

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