Edison Electric Institute (EEI) on June 4 awarded Southern Co. (NYSE: SO) the EEI Edison Award, thought of by some as the electric utility industry's most prestigious honor. Southern Co. received the award for leading the nuclear renaissance in the United States.
"This recognition is a tremendous honor for Southern Company, our 26,000 employees and partners in the nuclear industry," said Southern Co. Chairman, President and CEO Thomas A. Fanning.
Southern Co. is currently building the nation's first two new nuclear units in more than three decades at Georgia Power's Plant Vogtle near Waynesboro, Ga. The Nuclear Regulatory Commission in February 2012 approved the issuance of the combined construction and operating License for Plant Vogtle units 3 and 4. Pre-construction activities began in 2009 and Georgia Power expects Unit 3 to begin operating in 2016 and Unit 4 in 2017.
The project represents a more than $14 billion investment, creating 4,000 to 5,000 jobs on site during peak construction.
Southern Nuclear, a subsidiary of Southern Co., is overseeing construction and will operate the 1,10 MW units for Georgia Power and co-owners Oglethorpe Power Corp., the Municipal Electric Authority of Georgia and Dalton Utilities.
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