Pressurizer set inside Vogtle Unit 3 containment vessel
Tuesday, Jan 30, 2018
Another key milestone for Georgia Power's Vogtle nuclear expansion project was achieved earlier this month with the placement of the Unit 3 pressurizer, which will provide pressure control inside the reactor coolant system once the unit begins operating. The 225,000-pound pressurizer for Vogtle Unit 3 arrived via rail at the construction site in August 2014. The component was fabricated in Italy and shipped to the Port of Savannah, before being loaded onto a railcar for the final leg of its journey.

This latest milestone continues momentum at the site of the only new nuclear units under construction in the U.S. In December, 1,300 cubic yards of concrete was placed inside the Unit 4 containment vessel in a continuous placement that lasted 21 hours. In November, the last of the "Big 6" modules for the project was placed – the Unit 4 CA02 module, which will make up the in-containment refueling water storage tank.

Georgia Power to move forward with Vogtle 3 and 4

Georgia Power announced on Dec. 21, 2017, that it will move forward with the Vogtle 3 and 4 project following unanimous approval by the Georgia Public Service Commission (PSC).

The decision by the Georgia PSC followed months of review and evaluation of a unified recommendation presented in August 2017 by the Vogtle co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment that was prompted by the bankruptcy of former primary Vogtle contractor Westinghouse in March and the subsequent rejection of the fixed-price contract. The decision continues to protect customers with new penalties for delays and cost increases in addition to penalties included in the previous stipulated agreement approved earlier this year by the Georgia PSC. Under this amended structure, shareholders will see a significant impact of approximately $750 million through November 2022 and the company has agreed to further reductions if the project does not meet the revised and approved in-service dates. Additionally, as a result, the amount paid by customers will be reduced by more than $1.7 billion during the construction period.

From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In September, the company announced a new conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE) illustrating renewed federal support for the project. Most recently, the company received 100 percent of parent guarantee funds available from Toshiba years earlier than expected and will use every dollar to benefit customers. The parent guarantee payments from Toshiba, in addition to the penalties in place for the company, are contributing approximately $2.75 billion which will reduce the total cost of the project.

Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.

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