Unit 3 Hot Functional Testing has now been successfully completed with no significant issues identified, which is a critical step toward completion," Womack added. Through these challenges, we have learned a great deal. The project has endured extraordinary circumstances during construction, including the pandemic as the most recent. in more than 30 years would be challenging. "We knew building the first new nuclear units in the U.S. For future, final cost recovery, an open and transparent prudency review is planned near the completion of Unit 4. Every month of delay in the project equates to an incrementally lower return, which translates to lower bill impacts during construction. Additionally, there are special protections in place for customers during construction, including a reduction in the company's return on investment for the project. Georgia Power's share of the total project capital cost forecast is now $9.2 billion, although the company has not sought approval of any capital costs above the $7.3 billion previously approved by the Georgia Public Service Commission. This is too important to our customers, our state and our nation for us not to get it right, and we will." "Vogtle 3 & 4 remains a critical investment for the state to provide low-cost, reliable and emissions-free electricity for the state of Georgia for 60 to 80 years. "Georgia Power is focused on safety and quality as we complete this project," said Chris Womack, chairman, president and CEO of Georgia Power. The company has also revised the total project capital cost forecast to reflect this updated schedule – resulting in a $460 million increase to Georgia Power. The company currently projects a Unit 3 in-service date in the second quarter of 2022 and a Unit 4 in-service date in the first quarter of 2023, representing a three-to-four-month shift for each unit. Georgia Power today announced a revised schedule and cost forecast for the Vogtle 3 & 4 nuclear expansion project, resulting from productivity challenges and additional time for testing and quality assurance. We proactively take measures to protect our customers from rising fuel costs while reliably providing power as economically as possible.Ī Request for Information about available capacity resources to assist with the company’s future resource planning efforts. We are investing in infrastructure to ensure a more resilient power grid, creating a balanced energy mix and installing high-speed electric vehicle charging stations across the state, all while keeping your bill well below the national average.
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