Georgia Power will pursue Vogtle 3 & 4 project

11 January 2018

Georgia Power has received unanimous approval from the Georgia Public Service Commission (PSC) to complete Vogtle 3 & 4 near Waynesboro, Georgia – the nation's first new nuclear units in 30 years. The new units are co-owned by Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities, and are the only new nuclear units currently under construction in the United States. Expected online in November 2021 (Unit 3) and November 2022 (Unit 4), the units will generate enough emission-free electricity to power approximately 500,000 homes and businesses.

This decision followed months of review and evaluation of a unified recommendation presented to the Georgia PSC on August 31 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 in earlier 2017 by the Georgia PSC.

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