ATLANTA, May 13, 2016 /PRNewswire/ -- Georgia Power today announced the placement of more than 760 tons of major components within the turbine island for Vogtle Unit 3 – the stator assembly and the deaerator. The stator assembly, which includes the stator and the stator housing, weighs more than 460 tons. The component was constructed in Japan and represents two of the four major subcomponents of the main generator. The stator is a stationary component of the main generator that works together with the rotor and exciter to generate electricity. The main generator for Plant Vogtle Unit 3 will have a total energy output of 1,117 megawatts and provide enough carbon-free energy to serve hundreds of thousands of Georgia Power customers.
The 303-ton deaerator, developed in South Korea, is nearly 145 feet long and approximately 20 feet high and is one of the largest single pieces of equipment to be installed in the turbine building. The deaerator serves as a purification system for feedwater, removing minerals and other deposits, reducing plant maintenance and operating costs and preventing corrosion. Both pieces were lifted into place by the heavy lift derrick, one of the largest cranes in the world.
In addition to the recent placements, progress continues throughout the site with multiple milestones achieved within the last 30 days. Other major, recent construction achievements include the safe placement of six new shield building panels for Unit 3, delivery of the first of eight reactor coolant pumps and continued progress on the Unit 4 cooling tower which is nearing a completed height of 601 feet. The company recently uploaded new images of these milestones and other work at the site over the last 30 days at the company's online photo gallery. Additionally, a new flyover of the Unit 3 Nuclear Island is available on the Georgia Power YouTube Channel.
Expanding Plant Vogtle is part of Georgia Power's long-term plan to provide safe, clean, reliable and affordable energy to meet the growing energy needs of Georgia. The Vogtle expansion is the largest construction project in Georgia with more than 5,000 workers onsite today and 800 permanent future jobs. When the new units join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power