Georgia Power agrees to delay in seeking Vogtle excess costs

The Georgia Public Service Commission on Sept. 3 approved by a unanimous vote a stipulated agreement to resolve several issues in Georgia Power’s Eighth Semi-Annual Vogtle Construction Monitoring Report.

On a motion by Commissioner Doug Everett, the commission adopted the agreement signed by this Southern Co. (NYSE: SO) subsidiary and the commission’s Public Interest Advocacy (PIA) staff on July 30. Under the agreement:

  • Georgia Power will delay its request to increase the certified cost of the nuclear project, and any further requests to increase the certified cost, until the completion of Vogtle Unit 3.
  • The company will file no later than Feb. 28, 2014, a combined Ninth and Tenth Vogtle Construction Monitoring (VCM) report covering the period from January 2013-December 2013.
  • The company will file by Sept. 3 an abbreviated update on the status of the project and the expenses incurred on the project in the first half of 2013.

The commission is scheduled to decide other remaining issues in this docket at its Oct. 15 administrative session. The commission in March 2009 approved the certified cost of $6.114bn for the Plant Vogtle project.

 In February 2012, the U.S. Nuclear Regulatory Commission issued the Combined Construction and Operating License for Plant Vogtle Units 3 and 4, the first such license ever approved for a U.S. nuclear plant. Georgia Power now building two new nuclear units, Units 3 and 4, each at 1,117 MW in size.

The existing Vogtle plant, located near Waynesboro in eastern Georgia, is jointly owned by Georgia Power (45.7%), Oglethorpe Power (30%), Municipal Electric Authority of Georgia (22.7%) and Dalton Utilities (1.6%). Unit 1 began commercial operation in May 1987. Unit 2 began commercial operation in May 1989. Each unit is capable of generating 1,215 MW for a total capacity of 2,430 MW.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.