The Georgia Public Service Commission (PSC) approved $148 million in costs from Georgia Power for the Plant Vogtle nuclear expansion project.
The 13th Vogtle Construction Monitoring (VCM) Report details progress and investments made by Georgia Power, a unit of Southern Co. (NYSE: SO), for the project from January 1 through June 30, 2015. The Georgia PSC has reviewed and approved $3.1 billion invested by the company.
The VCM, recurring every six months, gives commissioners, Georgia Power and other organizations and individuals the opportunity to review and discuss the progress of the two Westinghouse AP1000 reactors being built. Georgia Power says the project is more than 60 percent complete based on contractual milestones.
In the past 30 days, approximately 750 cubic yards of concrete was placed within the Unit 3 containment area, eight new shield building panels were installed for Unit 3, four feedwater heaters in the Unit 3 turbine building were installed, welding of the Unit 4 Condenser B upper shell to the lower shell, and installation of the new structural steel within the Unit 4 turbine island.
The projected overall peak rate impact is significantly less than when the project was originally certified due to financing and other benefits, and the fuel savings of nuclear. Completion of Unit 3 is set for June 2019, and Unit 4 in June 2020.
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