VOGTLE

Loan Programs Office

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PROJECT SUMMARY

The Department of Energy (DOE) issued $6.5 billion in loan guarantees to Georgia Power Company (GPC) and Oglethorpe Power Corporation (OPC) in February 2014 and $1.8 billion in loan guarantees to Municipal Electric Authority of Georgia (MEAG Power) in June 2015 to support the construction of Units 3 and 4 – the nation’s next generation of advanced nuclear reactors – at the Alvin W. Vogtle Electric Generating site. Two Westinghouse AP1000 Generation III+ reactors will be constructed at Vogtle, which currently has two previous generation pressurized water reactors in operation.

TECHNOLOGY INNOVATION

Vogtle Units 3 and 4 are the first U.S. deployment of the Westinghouse AP1000 Generation III+ reactor.  The AP1000 was designed by Westinghouse as the next-generation nuclear reactor that could provide a standardized design for the U.S. utilities market. The reactor is an evolutionary improvement over existing reactors, featuring advanced safety systems. For example, the AP1000 can shut down passively without external power or human intervention. The AP1000 is built with modules manufactured off-site and then assembled onsite. This has the potential to improve quality and eases construction when compared to the last generation of nuclear reactors built in the U.S.  In addition, the AP1000 has a smaller footprint, using less land than older designs.

ECONOMIC IMPACT

Vogtle Units 3 and 4 are expected to create 3,500 onsite construction jobs and are expected to support 800 permanent jobs.

CLIMATE BENEFIT

Upon completion, Vogtle Units 3 and 4 are expected to generate 17,200,000 megawatt-hours of clean energy and prevent 10 million metric tons of carbon dioxide emissions annually.

 

PROJECT STATISTICS: VOGTLE

PROJECT SUMMARY

Owners

Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), Municipal Electric Authority of Georgia (MEAG Power), City of Dalton, Georgia

Location

Waynesboro, Georgia

FINANCIAL SUMMARY

Loan Program

Title XVII

Loan Type

Loan Guarantee

Loan Amount 1

$3.4 Billion (GPC), $3.1 Billion (OPC), $1.8 Billion (MEAG Power)

Issuance Date

February 2014 (GPC and OPC) & June 2015 (MEAG Power) 
ENERGY SUMMARY

Operation Status

Under Construction

Generation Capacity

2,200 MW

Projected Annual Generation 2

17,200,000 MWh

ECONOMIC IMPACT

Permanent U.S. Jobs Supported

800

U.S. Construction Jobs Supported 3

3,500

CLIMATE BENEFIT

CO2 Emissions Prevented Annually

10,000,000 Metric Tons

NOTES

All information up-to-date as of June 2017.

1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.

2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used.

3 Estimated at the time of GPC and OPC closing.

 

PROJECT PHOTOS

Vogtle Units 3 & 4 construction photo
Georgia Power Company
Vogtle Units 3 & 4 construction photo
Georgia Power Company
Vogtle Units 3 & 4 construction photo
Georgia Power Company