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Westinghouse in agreement with Georgia power |
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Wednesday, 09 April 2008 |
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WESTINGHOUSE IN AGREEMENT WITH GEORGIA POWER FOR TWO AP1000 NUCLEAR POWER PLANTS
• First announced EPC Contract in United States in 30 years
• Plants to be built at Alvin W. Vogtle site near Waynesboro, Ga
PITTSBURGH, April 8 -- Westinghouse Electric Company today announced that it and its partner The Shaw Group Inc.’s (NYSE: SGR) Power Group have signed an Engineering, Procurement and Construction (EPC) contract with Georgia Power to provide two Westinghouse AP1000™ nuclear power plants at the Alvin W. Vogtle site near Waynesboro, Ga.
Georgia Power, acting for itself and Plant Vogtle’s co-owners in the agreement, is a subsidiary of Southern Company. Co-owners are Oglethorpe Power, Municipal Electric Authority of Georgia (MEAG Power), and Dalton Utilities.
Steve Tritch, Westinghouse president and CEO, said the contract, the first to be announced in the United States since before 1978, is significant because it further proves that the nuclear renaissance has moved beyond the planning stage.
“Nuclear power is now rightfully recognized as a clean, safe and economically competitive source of baseload generation that helps ensure U.S. energy independence,” he said. “Agreements like the one announced today with Georgia Power will also ensure that the United States will have the power it will need to support long-term economic growth.”
The new units would be constructed at the Vogtle Electric Generating Plant site, where the Georgia utilities co-own two existing nuclear units (Units 1 and 2).
Georgia Power expects to submit the EPC contract to the Georgia Public Service Commission (PSC) May1, 2008 as a self-build option in connection with its 2016-2017 capacity request for proposal. Through its Independent Evaluator, the Georgia PSC will review the EPC and competing base load generation bids.
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