Reliability, Resilience & Affordability.Learn about our efforts to create a more sustainable future for all. Southern Company is committed to sustainability, reliability, and affordability. Southern Company system employees are inextricably woven into the communities we are privileged to serve. Employees routinely work under conditions that require exceptional safety measures and awareness. Safety is a core value throughout the Southern Company system. Southern Company commits to promote an actively anti-racist culture and to ensure that all groups are well-represented, included and fairly treated within all levels of the organization. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. We value your feedback and look forward to hearing from you. Please take a moment to complete the questions below. As we work to understand the best ways forward, we will continue bold and honest discussions within our company. We’re committed to supporting and improving our communities and environment.Īcross Southern Company, we are looking to improve relations between all members of the communities where we live and work. Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. We’re recognized as a leader in our space for the strides we make in advancing sustainable energy. Our values set us apart, and they make us who we are.Īt Southern Company, our total rewards play an important part in who we are as a company and how we attract, engage and retain the best talent. Weighted Average Hour-Ahead Transaction Pricesīuilding the future of energy is a big mission, and we’re honored to take it on.We’re always looking ahead, and our innovations in the industry-from new nuclear to deployment of electric transportation and renewables -help brighten the lives and businesses of millions of customers nationwide. We’ve made our name as a leading producer of clean, safe, reliable and affordable energy, and we approach each day as a vital step in building the future of energy. He added: “To support an in-service date at the end of the first quarter of 2023, we will need to complete this work and load fuel by the end of October.” As to unit 4, he said construction is now approximately 96% complete “and progress continues in advance of cold hydro testing and hot functional testing”.While Atlanta is our home, we bring energy to homes and businesses across the country. He noted that workers “will be focusing on testing and surveillance, demobilisation, finishing work and documentation” over the next few weeks. Their ownership in the project will be recalculated in future depending on the total cost to complete the reactors.ĭespite the difficulties, Southern CEO Tom Fanning, said during the presentation of the financial report that the company was “excited about the progress that we’ve seen at the site over the last several months and look forward to the transition of unit 3 from construction to operations in the weeks ahead”. However, Oglethorpe Power Corp in June and Dalton Utilities in July said they wanted to freeze their spending on the project. The Vogtle owners include Georgia Power (45.7%), Oglethorpe (30%), Municipal Electric Authority of Georgia (22.7%) and Dalton (1.6%). Analysts estimate total costs, including financing, have now increased to more than $30 billion following delays related to the 2011 Fukushima accident in Japan, the 2017 bankruptcy of former contractor Westinghouse, and the coronavirus pandemic. When Georgia approved the Vogtle expansion in 2009, the two 1,117MWe Westinghouse AP1000 reactors were expected to cost about $14 billion and to enter service in 20. Previously, company was looking at a wider window of the fourth quarter of 2022 to the first quarter of 2023 for unit 3 and the third to fourth quarters of 2023 for unit 4. Southern also changed its previously projected in-service dates for the reactors to the first quarter of 2023 for unit 3 and the fourth quarter of 2023 for unit 4. The Vogtle reactors, already billions of dollars over budget and years behind schedule, are the only new nuclear power units under construction in the USA. However, Southern increased the cost estimate for its Georgia Power utility’s share of the two nuclear reactors under construction at units 3 & 4 of the Vogtle plant in Georgia. US Southern Company has reported second-quarter earnings of $1.1 billion in 2022 compared with $372 million in 2021.
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