Georgia Power expects to complete its comprehensive schedule and cost-to-complete assessment, as well as cancellation cost assessment, for the Vogtle nuclear expansion by the end of the month. The final recommendation is expected to be filed with the Georgia Public Service Commission as part of the 17^th Vogtle Construction Monitoring Report. Once submitted, Georgia Power will work with the Georgia PSC to determine the best path forward for customers.

Southern Company, the parent company of Georgia Power, announced second quarter earnings for 2017 on Wednesday. Included in the quarterly earnings materials were preliminary estimates for the Vogtle project from Georgia Power's ongoing analysis. According to preliminary estimates, Georgia Power's estimated capital costs for the new units at Plant Vogtle could increase from $5.7 billion previously approved by the Georgia PSC to a range of $6.7 billion to $7.4 billion.  Financing costs for Georgia Power's share of the project could increase from previous projections of $2.3 billion to an estimated range of $3.1 billion to $3.5 billion. 

Figures released this week are preliminary estimates only – they have not been finalized and are subject to further refinement.  Georgia Power cautions against using the company's preliminary estimates for its 45.7 percent share of the project to calculate 100 percent of the project costs as capital and financing costs for the project's co-owners will vary.

Construction work continues at the Vogtle nuclear expansion under a new service agreement with Westinghouse while Georgia Power's assessments, as well as assessments by Oglethorpe Power, MEAG Power and Dalton Utilities, are finalized.