Southern Company CEO Thomas Fanning on February 20 mentioned development of two new nuclear reactors at Plant Vogtle is on observe and will probably beat the present regulatory accredited startup dates for the AP1000 models.
Fanning spoke Wednesday on the corporate’s fourth-quarter 2018 earnings name. He mentioned Georgia Power, a Southern Company subsidiary and the bulk proprietor of Vogtle, has ramped up the work schedule on the website close to Waynesboro, Georgia, and mentioned if that productiveness continues the primary of the 2 new reactors may come on-line as early as April 2021, seven months forward of the present schedule, with the second coming on-line in April 2022.
He mentioned the corporate hopes to start out sizzling purposeful testing of the models quickly after it begins to ramp down development early subsequent yr. “We are actually laser-focused on what it’s going to take … to maneuver out of the development part into start-up part,” Fanning mentioned.
Construction Delays, Cost Overruns
The Vogtle challenge has sustained a sequence of development delays because it was first accredited by state regulators in 2009. At that point the fee for the 2 new reactors was pegged at about $14 billion, with an authentic startup date of 2016. The most up-to-date estimates of the challenge’s value now stand at $27.5 billion.
Georgia Power owns 45.7% of Plant Vogtle. Three different challenge companions—Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, and the City of Dalton Utilities, personal the remaining 54.three%.
The authentic challenge chief, Westinghouse, filed for chapter in 2017 on account of monetary issues related to the Vogtle development.
“We presently estimate that we have to maintain roughly 110,000 weekly earned hours … to satisfy the November 2021 and November 2022 regulatory-approved schedule,” Fanning mentioned, including that staff have been exceeding the productiveness goal with a median of 141,000 weekly earned hours so far this month. “We assume if we common 110,000 hours per week, we are able to hit the November schedule. Hitting something higher than that improves our probability of gaining margin to November. That’s why we’re concentrating on [140,000 hours per week] and even above for the rest of the interval of [February 2019 to February 2020]. These numbers, we consider, are according to the April schedule that we now have in place.”
Construction About 74% Complete
Southern Company mentioned development of Units three and four at Vogtle, the place two present reactors have operated since 1987 and 1989, respectively, is about 74% full. Georgia Power is managing the enlargement challenge together with Southern Company affiliate Southern Nuclear.
Georgia Power has mentioned it’s “re-baselining” its development plan for the nuclear enlargement and can file a report with the Georgia Public Service Commission no later than May 15. Said Fanning: “This re-baselining effort will refine the weekly work plan for the rest of the challenge. Everything we see proper now, as of as we speak, says value and schedule are preserved and we count on to need to spend much less hours to finish the challenge than what’s presently in our price range.”
The re-baselining is a method to measure “the variety of hours that it takes to finish every of the duties which might be required for completion of the ability. All different issues being equal, if in case you have much less hours, you’ve much less value, you’ve much less schedule,” Fanning mentioned. “But we are able to’t say that with certainty till re-baselining is full.”
Fanning cautioned that there’s “nonetheless an extended method to go” earlier than challenge managers would solidify earlier in-service dates, or modify the development schedule. “It’s necessary for us to proceed to construct the margin. That simply insulates us in opposition to danger sooner or later,” he mentioned.
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