Georgia Power today filed its 18th Vogtle Construction Monitoring (VCM) Report with the Georgia Public Service Commission (PSC). The 18th VCM Report, available here, includes a revised, lower projected rate impact for customers and outlines continued progress and productivity improvement at the construction site near Waynesboro, Georgia. The report also reaffirms the target in-service dates of November 2021 (Unit 3) and November 2022 (Unit 4) and that completing the new units remains the best cost option to meeting the future energy needs of Georgia.
The company files a VCM Report every six months to provide an update on construction progress and other information related to the construction of the nation’s only new nuclear units. Today’s filing chronicles the last six months of 2017 and marks the first VCM update since Georgia Power received unanimous approval from the Georgia PSC in December 2017 to move forward with construction of Vogtle 3 & 4.
Savings & Benefits for Customers
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. The projected peak rate impact for customers included in today’s report has been reduced to 9.8 percent with more than half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits (PTCs), interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
Over the past several months, the company has announced multiple positive developments delivering savings and benefits for customers and reducing the expected cost of the plant, including:
Progress & Productivity
Vogtle 3 & 4 remains the most important energy infrastructure project currently underway in Georgia with more than 6,000 workers onsite and approximately 800 full time careers once the new units begin operating. The 18th VCM Report illustrates that, following the Westinghouse bankruptcy in March 2017, all Vogtle co-owners worked together to mitigate impacts and maintain the project's momentum. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site with global construction firm Bechtel managing daily construction efforts.
According to the 18th VCM Report, since Southern Nuclear assumed overall project management in 2017, productivity at the construction site has improved and direct construction work is currently tracking ahead of the plan to achieve the target in-service dates.
Progress and milestones noted in the second half of 2017 include:
To follow the progress, visit the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
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