ATLANTA, July 25, 2016 /PRNewswire/ -- Georgia Power has
released the latest timeline video highlighting safety,
productivity and efficiency at the Vogtle nuclear expansion near
Waynesboro, Georgia.
The Vogtle 3 & 4 project is the state's largest job-producing
construction project with more than 6,000 construction workers now
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 across
Georgia.
Now available on Georgia Power's YouTube Channel, the new
timeline video includes:
- Construction progress through the second quarter of
2016, including the delivery of reactor coolant pumps from
Pennsylvania, completion of the
final "Big 6" modules (CA02 and CA03) and the completion of
vertical construction of the Unit 4 cooling tower, which now stands
at 601 feet.
- Insights from David Jones,
nuclear development technical support vice president. Jones
discusses the impact of the new One Team: Every Day Matters
construction strategy, as well as collaboration with the contractor
and improvements driving progress with a focus on critical path
activities and schedule. Jones also highlights the hiring of more
craft labor for the project and the opening of additional work
fronts across the site.
- Comments from John Austin,
Vogtle 3 & 4 training director. Austin provides an overview
of operational readiness activities and transition to operations
occurring at the site including the successful turnover of multiple
systems and structures to Southern Nuclear. He also discusses areas
of integration with the existing Vogtle plant site and the One
Vogtle, One Site effort.
- Personal perspectives from employee Magali Koyo, Vogtle 3 & 4 engineering
supervisor. Koyo shares the importance of the project to her
family and her involvement in employee groups dedicated to
community service such as Women in Nuclear and the Citizens of
Georgia Power.
Completing the new units at Plant Vogtle remains the best cost
option for meeting Georgia's
future energy needs. 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.
Video - https://youtu.be/9sIsADZVg9w
Logo -
http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/latest-vogtle-timeline-video-highlights-focus-on-safety-productivity-and-efficiency-300303453.html
SOURCE Georgia Power