“Associated with this progress, 70 ITAAC were submitted to the NRC since our last earnings call and 53 ITAAC remain,” Fanning said. “All necessary systems have been turned over from construction to testing, and nearly all the inspection records necessary for submission of the remaining ITAAC are now complete,” Fanning said. The NRC last year in a letter to Southern Nuclear said it could increase its oversight of the project after an inspection found problems that the agency said could impact operation of the nuclear plant.įanning said Southern, with regard to Unit 3, continues “to progress towards receipt of the NRC’s 103G letter,” a verification document from the agency. ![]() With this step complete, the Vogtle site returns to the baseline inspection program.” No additional findings were identified during the follow-up inspection and the findings identified last year have been closed. The inspection verified that Southern Nuclear effectively implemented the corrective actions and remediation efforts at the site. Nuclear Regulatory Commission (NRC) “completed its follow-up inspection this week and issued its final supplemental report. Southern in Thursday’s investor presentation stayed with its previously announced $10.4 billion capital cost estimate for Georgia Power’s share of building the new reactors.įanning in discussing construction progress said the U.S. “We value our partners on Vogtle 3 and 4 and the relationships that we have had with them across multiple endeavors for decades.” NRC Completes Inspection “This decision underscores the importance of the 2,200 megawatts of baseload carbon-free energy, which will be vital to increasing the availability of net-zero resources for customers across the state,” said Fanning. ![]() Current cost of the project is estimated at more than $27 billion.įanning on Thursday confirmed that the project’s owners-Georgia Power (45.7%), Oglethorpe Power (30%), Municipal Electric Authority of Georgia (22.7%), and Dalton Utilities (1.6%)-in late February “unanimously voted” to continue construction, a necessary measure to accept the project’s capital costs. The two Westinghouse AP1000 reactors were expected to enter service as early as 2016, at a cost of about $14 billion. The Vogtle project is years behind its original schedule and billions of dollars above its original budget. major new nuclear power plant project finished in more than 30 years. The addition of two 1,100-MW units at Vogtle is the only utility-scale nuclear power construction project underway in the U.S., and when complete would represent the first U.S. ![]() Since that time, we’ve seen sustained progress consistent with our expectations for each unit,” said Fanning during the April 28 call, noting that Unit 3 is expected to be in-service no later than the first quarter of 2023, and perhaps by the end of this year, with Unit 4 expected to come online no later than year-end 2023. “Importantly, the projected completion timeline and capital cost forecast for both units are unchanged from the updates that we provided last quarter. CEO Tom Fanning said the group continues to stick to its most-recent timeline for startup of the two-unit expansion of the Vogtle nuclear plant in Georgia, telling participants in the company’s first-quarter 2022 earnings call that construction is pacing well, with fuel load for Unit 3 expected later this year.
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