Reiko A. Kerr,
Senior Vice President, Finance and Administration, and Chief Financial Officer
Georgia Power announced today that Southern Nuclear has made significant progress on construction of Vogtle 3 & 4 since assuming project management on behalf of the project co-owners (Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) from Westinghouse following its bankruptcy in 2017.
The company also announced that its revised capital and construction cost forecast for its share of the project has increased from $7.3 billion to $8.4 billion, based on a revised cost-to-complete estimate from Southern Nuclear. 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. With projected in-service dates still expected in November 2021 (Unit 3) and November 2022 (Unit 4), the new units will generate enough emission-free electricity to power approximately 500,000 homes and businesses.
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