Georgia Power and Southern Nuclear are prepared to assume project management of the Vogtle nuclear expansion from Westinghouse by late July under the new service agreement finalized earlier this month. The agreement continues to progress through the approval process and will take effect once all required approvals are received, including approval of the bankruptcy court and rejection of the current engineering, procurement and construction contract by Westinghouse.

The scope of the service agreement includes engineering, procurement and licensing support from Westinghouse, as well as access to Westinghouse intellectual property needed for the project. To allow time for all approvals, the interim assessment agreement has been extended through July 20.

The recently announced agreement between Georgia Power and Toshiba, the parent company of Westinghouse, remains in place and continues to affirm the value of Toshiba's guarantee at $3.68 billion – providing additional protections for Georgia electric customers. The first payment from Toshiba under the agreement is expected in the amount of $300 million in October 2017.

Georgia Power also continues work with the project's Co-owners (Oglethorpe Power, MEAG Power and Dalton Utilities) to complete a full-scale schedule and cost-to-complete analysis and will work with the Georgia Public Service Commission to determine the best path forward for customers.

New Vogtle Timeline Video Illustrates Progress
Thousands of workers remain onsite at the Vogtle nuclear expansion continuing efforts to construct the nation's first new nuclear units in more than three decades. Georgia Power has released its latest Vogtle Timeline video highlighting progress during the second quarter of 2017, including the arrival of new panels for the AP1000 passive containment cooling tank; the successful licensing evaluation by the Nuclear Regulatory Commission of 19 new operators for the units; and an inside look into the NRC's oversight of the plant and role in ensuring that Vogtle Units 3 & 4 are being built safely and correctly.