0000106674 00000 n All other things being equal, if you have less hours, you have less cost, you have less schedule,” Fanning said. Customers also continue to save money throughout 2018 under the company's updated 2018 Nuclear Construction Cost Recovery (NCCR) tariff. startxref Electric companies have reported unprecedented shifts in energy demand and face temporary revenue losses by waiving late fees and disbanding disconnections for people who can’t pay their bills. Georgia Power customers are receiving three separate $25 credits in 2018 with the third and final $25 credit expected to be issued in September. While it is believed the increased projected costs are reasonable, necessary and prudent, the company has decided not to ask the Georgia Public Service Commission (PSC) to approve those costs so soon after receiving the Georgia PSC's approval of the capital forecast last year. 0000002493 00000 n Summer Nuclear Project, GE, Siemens, Utilities Take Hits From Coronavirus, TVA: Watts Bar 2 Cost Overruns Soar by $2B; Operation Delayed to 2015, Performance Improvements in Fossil Fuel Power Plants with Multivariable Model - Predictive Controls and Artificial Intelligence, Advantages of Ultrasonic Flow Meters in Combined Cycle Power Plants, How Protecting SAIFI Metrics & Customers Improved So Much More. Georgia Power is managing the expansion project along with Southern Company affiliate Southern Nuclear. News & Technology for the Global Energy Industry. You may need to download version 2.0 now from the Chrome Web Store. /H [ 1179 810 ] Georgia Watch is a non-profit, nonpartisan 501(c)3 organization. The Vogtle project has sustained a series of construction delays since it was first approved by state regulators in 2009. 0000000017 00000 n All Rights Reserved. But there is a secondary issue: What does this mean for the project’s cost and schedule, which are already under pressure? On Vogtle, Bechtel is responsible for completing construction of the project under the management of Southern Nuclear, the Southern Company subsidiary which operates the existing two units at Plant Vogtle. But is its use still practical, can it still…. /T 866468 Efforts to contain the spread of Covid-19 "could disrupt or delay construction, testing, supervisory and support activities" at Plant Vogtle Units 3 and 4 in Georgia, Southern … Alabama Power Will Close Century-Old Coal Plant, its construction plan for the nuclear expansion, Vogtle Owners Vote to Continue Nuclear Expansion Project, Dispute Flares About Equipment at Abandoned V.C. endobj Georgia Power has said it is “re-baselining” its construction plan for the nuclear expansion and will file a report with the Georgia Public Service Commission no later than May 15. For additional announcements, please visit our hiring portal at http://vogtle34.us. trailer 0000002922 00000 n 0000106249 00000 n News & Technology for the Global Energy Industry. Those risks include delays to testing and supervisory and support activities at both reactors, according to the filling. Southern Company CEO Thomas Fanning on February 20 said construction of two new nuclear reactors at Plant Vogtle is on track and could possibly beat the … 0000097663 00000 n Once the new units come online, Plant Vogtle will be the first four-unit nuclear facility in the Unites States. The new nuclear units are the first to be built in the United States in a generation and the only new units currently under construction in this country. The Atlanta-based energy giant said in a premarket filing that the novel coronavirus outbreak could affect Southern and its electric and gas companies. >> To learn more, visit www.GeorgiaPower.com/Nuclear. 0000106276 00000 n << The expansion project involves construction of two, 1,100-MW AP1000 reactors known as Units 3 and 4 at the site. Many have lined up billions of dollars in cash and credit because of possible strains in the short-term debt market. /Type /Catalog As of now, 36 of the tests are negative, and 12 are pending. Privacy Statement, Company Response to COVID-19 FAQ for our Business customers, Benefits of Building Energy Efficient Homes, Groundwater Monitoring and Dewatering Plant List, Georgia Power’s energy efficiency programs save customers money and help reduce impact of summer heat, Georgia Power crews scheduled to assist with Hurricane Laura recovery, Georgia Power customers to see $18 reduction on October bills, Georgia Power Prepared for Tropical Storm Zeta, Southern Company announces leadership change at Georgia Power as Paul Bowers, chairman, president and CEO of Georgia Power, announces succession plan, Third class of Vogtle 3&4 operators pass NRC licensing exam, 306-ton Unit 4 Reactor Vessel Placed at Vogtle, Vogtle 3 & 4 to have lower rate impact for Georgia Power customers, Georgia Power praises move by U.S. Congress to extend production tax credits for Vogtle nuclear expansion, Georgia Power customers to pay $139 million less for Vogtle expansion in 2018, Pressurizer set inside Vogtle Unit 3 containment vessel, Georgia Power Gets Green Light to Finish Vogtle Reactors. POWER Magazine readers get exclusive power industry news–every business day. /Length 718 Evans also said Southern Company has budgeted $25 billion for its state-regulated electric utilities and $7 billion for its regulated gas utilities in the 2019-2023 plan. The credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers. /Linearized 1 0000106168 00000 n The plant is named for the late Alvin W. Vogtle, Jr., former chairman of the board of Southern Company, parent company of Southern Nuclear and Georgia Power. Even with those measures, officials said that high absenteeism, being able to keep workers on site, restrictions, and interference on the supply chain from outside vendors and contractors could all affect the project’s progress. The most recent estimates of the project’s cost now stand at $27.5 billion. The four co-owners of the Plant Vogtle nuclear expansion project in Georgia have voted to continue construction of…, The fight about who owns equipment at the now-abandoned V.C. /Root 202 0 R /N 33 Especially vulnerable, Southern said, is Plant Vogtle, the first set of reactors to be built from scratch in nearly three decades. /S 1199 Further, VMG is of the opinion that SNC’s decision to accelerate testing was most likely due to the realization that an optimal construction schedule, together with the required durations of testing activities, would not allow SNC to meet the Regulatory Required CODs. /E 114717 stream Terms and Conditions | %PDF-1.4 Stay up to date on the latest innovations in our products and services, browse scheduled events, read the most recent and archived news releases, and more in our News Center. Expert testimony at last week’s hearing on the combined 20th/21st semi-annual Vogtle Construction Monitoring (VCM) proceeding before the Georgia Public Service Commission (PSC) pointed to (yet again) more trouble facing Southern Company’s 68+ month delayed, budget-busting nuclear expansion at Plant Vogtle near Waynesboro, Georgia. 227 0 obj /ID [<7461ada3b359925e3056393d457c024f><7461ada3b359925e3056393d457c024f>] ET) , to start a free trial, get pricing information, order a reprint, or post an article link on your website. /Prev 866456 The project has been delayed numerous times and has experienced several cost overruns. 0000001989 00000 n Still, whether it can be finished on time hinges on how quickly workers can finish each individual task. © 2020 Access Intelligence, LLC - All Rights Reserved. Performance Improvements in Fossil Fuel Power Plants with Multivariable Model - Predictive Controls and Artificial Intelligence, Advantages of Ultrasonic Flow Meters in Combined Cycle Power Plants, How Protecting SAIFI Metrics & Customers Improved So Much More. /O 203 0000106556 00000 n Grace in his testimony said “VMG is of the opinion that a primary root cause of poor productivity and production is due to SNC’s strategy of accelerating testing prior to completion of a greater degree of the bulk construction commodities which then leads to inefficient and costly execution of construction. We’ve got you covered! Click here to view job openings and apply online. “The project is continuing its strategy of utilizing an aggressive site work plan as a tool to help us achieve the November regulatory-approved dates,” Wilson said in the email. /Size 228 As a result of the Toshiba parent guarantee payments and changes in federal tax law this year, customers will pay $139 million less than expected in 2018 for the Vogtle project with the typical residential customer using 1,000 kilowatt-hours per month paying $1 less each month than they did in 2017.

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