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Georgia Power signs contract for nuclear units

8 April 2008 -- Georgia Power entered into a contract with Westinghouse Electric Co. and The Shaw Group's power group for the engineering, procurement and construction (EPC) of two AP1000 nuclear units and related facilities.

Georgia Power expects to submit the EPC to the Georgia Public Service Commission May 1 as a self-build option in connection with the company's 2016-2017 capacity request for proposal. The company entered the contract on behalf of itself and Plant Vogtle's co-owners: Oglethorpe Power, Municipal Electric Authority of Georgia (MEAG Power) and Dalton Utilities.

Under the agreement, Westinghouse and The Shaw Group will supply and construct the entire facility with the exception of certain items provided by the co-owners.

The new units would be built at the Vogtle Electric Generating Plant site near Augusta, Ga. The Georgia utilities co-own two existing nuclear units (Units 1 and 2) at the Vogtle site.

Georgia Power will select a preferred resource, which will be submitted to the Georgia PSC in August for approval, with a final certification decision expected in March 2009. If selected by Georgia Power and certified by the Georgia PSC, Vogtle Units 3 and 4 are expected to be in service in 2016 and 2017, respectively.

Contract terms and conditions were kept confidential.




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